I decided to take profit my NASDAQ 100 short. It had a nice little move down for the past few days. I am still bearish on the index and will find another entry to short it.
It's new month, usually things can be a bit choppy so I will be extra careful trading. Apple just posted its Q3 earnings and it beat analyst estmates? I only read the headlines and the media spun it postively. I honestly don't care what its earnings but how the sentiment is.
On a side note, I was browsing my trading stats and I just realised I did over $133million notion volume past 2 months. Wish it wasn't volume but my balance, oh well, I will get there, someday?
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I'm bearish on the market for sure. This run up has been completely unprecedented and I don't see the grounds for it. I know upward movement begets upward movement, but I think when things start really going south they're going to go down hard.
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