SQQQ is a leveraged inverse ETF, designed to rise 3x as much as QQQ declines. It also falls 3x as much as QQQ rises.
Day 2 of $QQQ short term down-trend, not out of the woods yet; $AAPL weakening, the leaders top out first as the prior laggards rise
Time to be defensive, buying the oversold dip/bottom is not working. This is still post-earnings period when the market often drifts or weakens. Mid to late March may be the start of next earnings anticipation rise. AAPL is on the verge of entering a daily BWR down-trend.
Day one of $QQQ short term down-trend; about 40% of new down-trends last 5 or fewer days
I generally buy some SQQQ at beginning of down-trend and add more if it extends beyond 5 days. My trading IRA account is mainly in cash.
