QQQ
Starting to live under the 50-day compared to previous rallies. Today we got the range expansion to the downside. I was thinking maybe we would get it yesterday, as I longed SQQQ but I was a bit too early to that trade.
What I did today
Sold 25% of MU, trailing the rest.
Roundtripped my entire VRT position for a small loss. Frustrating one.
Tried STX on small size and scratched it.
Tried WDC on small size and scratched it.
Prints:
Equity + Holdings:
This point I’m looking to be hands off in the market until we get clearer action in the index. Some stocks are still very strong, however, with a weak tape it’s very hard for these names to push out and close strong.
VRT was one I had at a really good average in with size, and round tripped the entire gain.
Thank you for sharing. Love your work, Geo