RE: QQQ now giving the first stage of a sell signal.

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QQQ now giving the first stage of a sell signal.

in qqq •  8 years ago 

Ooops! Got you confused with anotehr guy I am spewing with. Ignore all that last babble but the content about the general market is true. Won't get new short entries today in eitehr the Q's or SPY or long the VIXens. You can actually look at UVXY to 11.50-12.00 as an area to "rejigger" short positions. If it gets there. I'll probly spew my trades at one of these boards now that you are here.

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You know the front month contract for the NQ (Sept) is trading higher than the current lead month (June)? Currently 5.25 points, not much but I believe the markets could trade sideways into rollover.

There's still a chance for another blow off run higher. My lowest low end buy for UVXY for instance is like 8.66. I don't care where they take us. Only that they get there. :-) They had futures up last night but tapperd the enthusiasm going into teh open. So I doubt they will gt a top finished off til at least late afternoon if atall today. I'm just going to update my crypto-thinking and then I'm gone for the day. This spew is my o-fish-al market spew for 6/1/17. Please return to your normally schaduled broadcasting. Which in your case would be reruns of the Wendy Williams show I would imagine?

Wow shorts getting their heads handed to em......sorry my friend you had a good run but lately your getting shredded hard.

Can you say REKT?

Geeezus christ Joe what happen to your crystal ball.......REKT the QQQ's are unstoppable. I close all my shorts.

I think things are going along pretty much as what I outlined. I'm not sure I will get that Q's 'add to" position today. That would mean I would have to abandon the Q's as a trading vehicle if I wished to write off the two small losses I took on shorter term trades. I'm stil working on it tho. And downside targets I posted at my blogs are still valid. So if nothing else, avoid big bets for big losses until small bets are ready to generate HUGE gains. I'm still working it. I NEVER give up. :-)