The QQQ active short trade is still profitable (below the entry trigger) so yes, still on a sell signal. I wouldn’t read too much into anything that happens today with the FOMC meeting & Warsh’s first dog & pony show with the press at 2:30 today.

The charts are the charts & that’s what I go by, but always best to keep things light on a Fed day, even if no rate change expected.

Very much so. Next sell signal on CVNA to come on a solid break below this uptrend line & intersecting 64ish support, which should take it down to my 5th & final target (as T3 &T4 were already hit).

Fed day today, although Fed Fund futures are pricing in a near-certainty of no change in rates. However, the world awaits to see what the new Fed Chair, Warsh, will say, so I wouldn’t read too much into anything that happens today.

With that being said, semis are setting up for the next big drop & I expect it to be much bigger than the last/recent (16%) drop in SOXX. Will probably do a video covering the semis, although I suspect you might be one of only a few interested in shorting them anytime soon.

I remain longer-term bullish on nat gas, but right now, I don’t have a good read or strong opinion on the near-term direction. Here’s my 120-min chart of /NG (July contract) with some levels.

Seems like a lot of toppy chart wafeling. Understandable. Are you still on the sell qqq or do you think we are going higher. Probably me but not clear to me. Got a bid on soxs today. Are we selling the news here?

Is cvna still on your radar? Huge head and shoulder on the year chart with perfect entry here. Please comment. Thx