$ProShares UltraPro Short QQQ ETF (SQQQ.US)$I'm expecting the market to bounce all over Wednesday before Powell speaks. so I'll be selling in the morning both upside and down to zero in on the closest in the money strangle possible. I'm leaning to a QQQ crash after Powell speaks.
b00n79
:
Data on GDP was down mainlybdue to import activities. The stats was showing that businesses and industry stocked up alot hence led to import drop. The other indicators not that drastic.
b00n79
:
Actually the macro stats are expected with some performing slightly better than forecast, which is why market was not shocked into panic. Plus of course Trump’s team giving hopes on tariff. But if we look at the past 2 weeks, transaction volume is actually not that high and active. Market sentiment focused on major financial reports and were very hopeful.
Cui Nyonya Kueh
OPb00n79
:
the tariff news already price in... if got chance U better sell soon. I don't really advice holding this anymore. I was wrong earlier on.
b00n79
Cui Nyonya Kueh
OP
:
haha thanks but no worries… indont have much stake in it. Already loss around USD1.6k the other night when Trump announced the u-turn, went so sleep with few put options on NVDIA Only recouped back few hundreds. So overall still down. I only used RM10k for US market… not going to make me super rich nor super poor
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ProShares UltraPro Short QQQ ETF Stock Discussion
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