Comments on: Favorite Index, Sector, & Precious Metal ETFs 2-17-22

By: markkludwig

markkludwig — Mon, 21 Feb 2022 21:20:54 +0000

Randy – I got into SQQQ at $41.50. What’s the exit strategy? How long should I hold it?

By: Mikeflegel

Mikeflegel — Fri, 18 Feb 2022 13:22:24 +0000

In reply to rsotc. Read that at 500 pt and bought 1000. 2 min later a pop of 50 cent. Thanks

By: rsotc

rsotc — Fri, 18 Feb 2022 04:37:00 +0000

In reply to Mikeflegel.

Congrats on a good day in SQQQ. Here’s the daily chart of QQQ with two overhead resistance levels that would provide objective short entries, should the Q’s push that high, along with support that “should” open the door to the next big wave of selling.

While I love to game (trade) the micro rips & dips off support & resistance, I’m more apt to sit tight on index shorts right now as I think the odds are pretty high that the markets might start a quick swoon down anytime now.

Maybe, maybe not but if so, a big gap down tomorrow or next week could deny a very objective entry (or re-entry) on SQQQ (i.e.- potentially a gap down of 10%+ on SQQQ).

Best of luck & feel free to bump me again if those levels don’t cap any bounce in the Q’s.

By: Mikeflegel

Mikeflegel — Thu, 17 Feb 2022 22:22:25 +0000

Great day in sqqq today. Thanks. I sold as not to have over night gap. How does one teload Tomorrow