Blog post: Day 27 of $QQQ short term down-trend; $SQQQ up 27% since Day 1 of $QQQ short term down-trend, beating more than 98% of stocks in major indexes.

GMI1/6
GMI-22/9
T210830%

Since I called the first day of the QQQ short term down-trend on January 6, the 3x inverse bearish QQQ ETF, SQQQ, has advanced +27%. SQQQ has  advanced more than all but 5 of the 350 stocks in my recent IBD/MS watchlist, and all but one of the Nasdaq 100 stocks (ATVI) and the S&P500 stocks (ATVI again). I wish I had had the courage to hold SQQQ all of this time.

1 thought on “Blog post: Day 27 of $QQQ short term down-trend; $SQQQ up 27% since Day 1 of $QQQ short term down-trend, beating more than 98% of stocks in major indexes.”

Leave a Reply

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