$SQQQ - SAFE HAVEN* -
Added 2024-03-07 09:33:10 +0000 UTCThis is a safe haven but I add the * because of the leveraged position.
We can see that the Mega Caps are clearly struggling now but the $QQQ is still holding relatively well as the Semi sector continues to attract buyers and there is also rotation into other companies in this market...which is why the $SQQQ has not reversed yet, this is also why I ask to be cautious here and wait for the reversal to come before buying...you do not want to be early here.
Please feel free to add your thoughts below so all members can discuss their plans to add here.
Waiting to add when this goes above its 50 Day MA makes the most sense to me, which is at $12.40 right now.
I will continue to watch this closely for us.
Comments
SMH big sell with volume
Rob Vila
2024-03-10 03:48:04 +0000 UTCI'd imagine waiting till the semi's top out would be a good idea.
Trevor Sweetnam
2024-03-07 12:09:53 +0000 UTC
