Bought $SQQQ Mar/24 $15c's at $1.12. Ready to cut if it goes against me.
$BABA looks like it may have finally put in the bottom. Daily MACD curling up. Double bottom this week, hammer yesterday. Fundamentally cheap as well. Could be a good one for 2024.
$SPCE breakout happened yesterday. Heavily shorted name. History of volatile runs. 👀
$SPCE is really giving that look like it wants to take that next rocket higher.. Last I checked, the float was 20% short. A break of $2.35 could set it off. Most of FinX doesn't even have it on their radar yet. Still very early if we get the next breakout here.
$SPCE Sellers are trying to prove something in mid $2.30's. Brick walls being put up on the ask. To me it seems likely they'll run out of shares to sell to the strength of the buyers.
$SPCE is really giving that look like it wants to take that next rocket higher.. Last I checked, the float was 20% short. A break of $2.35 could set it off. Most of FinX doesn't even have it on their radar yet. Still very early if we get the next breakout here.
If/when $SPCE breaks over $2.35, it wouldn't be long til it moves to $3-$4 range.
Markets will never move the way everyone expects them to. With the amount of bearish tweets over the last several days (including from me!) it actually wouldn’t be surprising to see stocks say F U and keep rallying until the crowd thinks they’re going up forever.
$QQQ currently trying to stay above this important trend line..
$SQQQ $QQQ these calls are doing well so far. The thing I don't like about playing downside is the majority of the time indexes are up, and overtime they are always up. So it's temporarily going against the grain of the market.
Taking some $SQQQ Dec/23 calls here. Short-term try anyway. Market just a bit too bulled up in my view and needs a rest. Willing to be wrong of course.
$QQQ tested and rejected $386. If it can't break above it, gap should starting filling to $378





