I nibbled a little at TQQQ; I couldn’t resist! If we get to a 5th day of the short term up-trend I will buy more. TQQQ is a leveraged bullish ETF that tracks 3X the movement of the QQQ. Other less risky alternatives are QLD (2X) or just the QQQ itself. TQQQ advanced +2.07% on Monday, compared with +.71% for QQQ and +1.4% for QLD. Pick your poison! (Click on chart to enlarge.)
Hi Dr. Wish, Hope all is well. The only thing I will say is notice that the volume of your three up days is half of the two days the market took a decline. Kind of a skunk rally to me. But I guess we trade the as we see them.
Right Chris, but notice that the same was true at the start of the rally in early September! Nice to hear from you.