QQQ
Gapped down under the 10, 20, and 50ma.
The 10 is over the 20, but this will change soon.
10, 20, and 50ma are sloping down.
Regardless of how good the breadth readings are, the megacaps are bringing things down. This is an environment where money can easily be given back to the markets if not careful. This is not the time to be trying things multiple times, or at all.
My current risk given the market environment: No trading, unless a hot theme like space.
What I did today
No trades taken today. Really considered selling MU at the close though. Moved my stop close to my average, so if I take a loss on the trade it will be less than .25% loss.
Prints:
None for today.
Equity + Holdings:
