Indices & ETFs

He didn’t put any money on the line! He is on vacation. And I don’t day trade like him. I do weekly swing trading to position (multi-month) trading, so it doesn’t matter what happen for a week or two, up or down, so long it didn’t break the count. Are you day trading?

Anyhoo, my bet is open UP for QQQ :slight_smile: If I am right, any reward? Dim sum lunch, at one of the Cupertino dim sum restaurant, on you?

Don’t care about open up or down. Closing up or down is far more interesting.

I am saving to hit the 100M wealth tax target. Want to contribute that extra cent to society. Not buying you any dim sum lunch.

.

Thought you ask for that. I am not interested in Open up or down nor Close up or down. Only care about it is moving according to expected count and not break my count. So far, QQQ is behaving well… moving along my expected count… traveling along the pitchfork uptrend :+1:

Given your bad memory, re-post the QQQ chart with pitchfork uptrend labeled.

1 Like

So you are saying Panda is full of crap?

He is talking about SPX. I am talking about QQQ.

I went heavy spxu and sqqql after hours yesterday and so far so good. Panda is pretty good near topping patterns as mentioned. I won’t trust his low though. :face_with_monocle:

Hovering at the first b (in green) :slight_smile: Will Fed bring it down to the 2nd b? Or worse down to Panda ultra low price?

Hovering at 61.8%. Will Fed bring it lower?

Yeah I think everything depends on fed today. Looks like yield will keep creeping up so I think fed will need to assure the market about the yield or we keep diving until yield stabilizes. I doubt they will say anything significant but :man_shrugging:

Panda has read my posts! He switched from blowoff to whimpering, and think is not worth trading SPX for the last 5%.

Screen Shot 2021-03-17 at 5.30.54 PM

Screen Shot 2021-03-17 at 5.31.53 PM

Panda has accepted defeat and went back into the forest eating bamboo.

Have to presume my preferred count for TQQQ remains valid :slight_smile: Holding 2000 TQQQs, so please :pray: remain valid.

Update to the chart… continue to wiggle along the pitchfork uptrend… instead of this Fri, push the target of hitting $108 to next Tues, I suspect would move to early Apr…

Yesterday’s chart

Haha, Panda has lost the crown. I went to ski but had tight stop on SQQQ/SPXU and another order to buy TQQQ/FNGU/SOXL at target price. Came back home, everything up! :money_with_wings: Looking at fed comments, bullish for me. :chart_with_upwards_trend:

Why is 10 yr yield still at 1.655?

I think 1.64. It’s a forgone conclusion that it will prob reach 1.8 or maybe even 2… feels like market has come to grips with it and fed re-iterated their low rate for what I think until 2023? Market might still fluctuate a lot depending on sudden moves of yield+dollar but I think btfd.

1 Like

2% ten year is historically low

1 Like

You stay in Tahoe?

We have a vacation home in Rocklin so just an hour drive to ski. We’ve been skiing almost every week for a few months now. :skier:

3 Likes

Squallywood?

Mostly Donner. Better for young kids (<7 years old).