Loading ...Chartsmaster / PSQ
What’s the latest take?
Nasdaq again rebounded from 10520, but getting over 10800 and staying above it seems to be getting tougher with each passing day.
Spinning wheels in the mud, trying to dig itself out of the hole, upwards, as they say … what will it take for it to resume its slide downwards?
The SQQQ position has me nervous …
GL
SQQQ so far has failed to take out Monday’s high @ 29.42
Yes, but giving more thought to Chartsmaster’s post on the side-effects of Interactive Brokers (IBKR) raising the margin etc. … reminds me of how in the past gold and silver’s back was broken by repeated raising of margins by Comex.
The tape of Nasdaq is being painted in a big manner.
Or, Robinhooders are punch drunk, too naive to understand the implications of IBKR’s move!
Sires Fully, and Plunger, your valuable thoughts?
Respect”fully” yours,
GL
Hi GL
I am still in SQQQ
I see this as a broken down market …not enough capitulation yet for an interim bottom
just a bounce so far today IMO
Sir Fully,
My stake in SQQQ is just about 1.25 % of my entire portfolio.
GL
Now Nasdaq is breaking down again! My SQQQ is overall green again!
Was away from computer this afternoon. To answer your question nothing has changed. I want to see what happens Monday when the IBK margin increase begins. Not surprised no one has followed so far since it hasn’t gone into effect yet. What I am a bit surprised about that Zerohedge was the only report I saw.(Best reporting anywhere) Nothing in WSJ. It probably will be discussed only after others join in and if the market sells off.