Blog post: Perfect Storm: End of $QQQ short term up-trend+rising pandemic+taper talk+seasonal weakness–holding cash +$SQQQ

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When highly vaccinated Israel is dealing with a rash of new cases it is very ominous for the U.S. which has lower rates of vaccinated people. Bonds are rising suggesting economic weakness even as the Fed is talking about tapering bond buying. The QQQ short term up-trend is likely to end today. And we are entering the weakest months for the market. And we have a bunch of market participants who have limited experience with a prolonged down-trend. I have moved to cash and SQQQ in my trading accounts. I am a chicken–better safe than sorry.

 

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