All indicators negative. In cash/hedged.
All indicators negative, 14th day of short term QQQ down-trend
I remain in cash and own stock hedged with put options, awaiting option expiration this Friday.
13th day of QQQ short term down-trend; in cash/hedged
We have one more week until options expiration. I remain in cash with a few long positions protected by put options. Most of my stock will be assigned and I will be back to 100% cash. This is the time to sit back and enjoy the summer heat. There is plenty of time to jump back into the market after a real up-trend begins.