03Dec3:50 pmEST

Flattening Out Into the Bell; Chess Moves

let'splaychess_s With major Nasdaq component AAPL regaining $116 into the bell, it appears, I elected to cut my starter position in SQQQ (ultra-short ETF of the QQQ) at $28.65 from my $29.23 entry for a loss. The theory behind the trade was that the Nasdaq would pull in more immediately. But even with premier names like AMZN pulling back, the Nazzy held in there. So, I am going to cut the position here to contain the loss, step aside, and reevaluate the tape tomorrow. Elsewhere, natural gas may finally be putting in a tradable reversal today. More on that and the market in general on my video market recap after the bell.

It's Easy to Forget Afternoon Update 05/09/25 {V...

 
BackToTop
 

This website is intended for educational purposes only. | © 2025 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site