Chartsmaster, query about shorting Nasdaq
Greetings, Chartsmaster!
Please share any updates about shorting Nasdaq
JSKauai has gone on record as buying SQQQ @ 5.31 … what is your take on your favorite short Nasdaq vehicle(s)?
GL
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POSTING INFORMATION
GL, I don’t use leverage so I prefer PSQ. However, as I have posted last two days I believe the market isn’t finished making it’s top yet. I believe a number of other stocks will follow AAPL and TSLA and announce stock splits. That will help lead to new highs for all the averages leading up to around the election. When I believe the QQQ has finally topped I will use PSQ.
Ah, ok! I was just trying to follow up on your last PSQ alert. I understand that you stay away from leverage. Not a bad idea. One fine dauy, when Nasdaq is in free fall, “they” will decide to end the ETF! It is happening beyond belief now. It first happened when the inverse VIX was killed last year.
GL just to set the record straight I agree with Chartsmaster and the market will be kept levitated till the election. I bought the low in SQQQ today because I am a scalper and I will look to buy the(daily) lows and sell the highs in most of the equities I follow looking for a quick scalp. It doesn’t always work but it has a higher percentage of working than a mid range entry. Plus the reason I stated that the share price of the SQQQ will be 5 times higher next week is because they are doing a 5 to 1 reverse split…LOL