With GMI=Red + 6th day of a $QQQ short term down-trend; I am mainly in cash or short

GMI3/6
GMI-25/8
T210839%

I own a little $SQQQ (QQQ 3X inverse ETF) and am sitting in cash in my trading accounts. My university pensions remain invested in mutual funds. Entering weakest period of year for market and QQQ is on the edge of a cliff. BUT SPY and QQQ are back above their 10 week averages. The majority of my possible long set-ups last week did not work out. Better to sit it out for now.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.