Added after the market closed.
joseph's avatar
$16.5m follower assets
THE SELL OFF IS DONE ITS TIME TO BUY!
I believe after looking the RSI that there is no selling energy and the market is going to make a positive correction. I put calls on $TQQQ and Puts on $SQQQ I am planning on the reversal. Let me know your thoughts?
BUY OR SELL
44%BUY
55%SELL
9 VotesPoll ended on: 09/07/22
Will be fun to see if this plays out.

So your bet is that the ratio of higher closes compared to overall closes is positive for the recent timeframe, and that indicates a shift in momentum in a positive direction?

I might need more background on the RSI 🤓

Either way— always interested in calls like this.
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Conor's avatar
$20.9m follower assets
Tech on Red Alert?! $SQQQ #7 with $701.24M
Weekly ETF flows from 7/19-7/25 had an ETF listed in the number 7 position that caught my eye.

Last week over $700 million was invested in $SQQQ which is an inverse triple leverage of $QQQ

Now, this shouldn't shock me based on the below headlines that have been increasingly popping up.



and most recently $SHOP

Questions:

  • When such a large percent of flows are betting against Tech is this a time to join the crowd or do something different?

  • Are there any benefits to Tech companies being more focused on their bottom line?

  • Is this a signal of a recession everyone has been talking about?

  • Should I make any changes as an investor or stay the course?

I'll take the last question since that is an easy one for me...STAY THE COURSE! When everyone is betting against Tech, this is the time to look at your financial plan and do nothing.

"Don't do something, stand there!" - Jack Bogle
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Vincent Poy's avatar
$7.9m follower assets
Anyone here trade $SQQQ - Any good strategy on how to determine when to buy and when to sell?
Do you trade much?

Trying to buy and sell the current whipsaw in the market is next to impossible. $SQQQ could be a decent hedge tool to protect your portfolio if it’s growth orientated for example but if you’re trying to profit then it’s going to be very hard.
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