What happened that caused this mornings GAP?? I can't find any real news on Bloomberg or anywhere else? Was some economic data released? Only thing I see right now is BestBuy profit net income plunged.
I took my lumps this month as well. CN said the cycle were up for the last few weeks which they now roll over this week and stupidly I fought the tape. Oil was pointing the way. I have to resist taking a bat to my forehead... lol
I'm usually pretty patient about entry's points, but got knocked around the last few trades. No major damage, but I don't like it all the same.
no I agree. QQQ shows returns in excess compared to other major index funds.. I have been watching aapl and goog.. I am in sqqq around 39.. I too fought the tape, but oh well, I think people need to be taking some profits.. per zh "small door, large crowd"
Trend is up. Even PermaBear guy says so. I need a close above the 1422 for 6-8 days to confirm. Just me. No headline, other than another war or something very serious, is going to derail the UP move. 10% corrections at worst, IMHO. I remain nervous, but staying long. GLTA traders going forward. Stay nimble. RDK.