I shorted 50% of my account value the qqq afterhours on friday, at 142.23. I also bought a few tech company stocks, so am 40% long stocks, mostly my favorite LAND, which did well last week.
This short term correction is not over, but we could rally monday, time to add to shorts.
We did get massive oversold short term thursday, and options reached fear level, so another rally to new highs this month still makes sense, so weakness short term is still worth going long.
Bottom line: End of the line for bulls is coming soon, so be careful going long, although not time to sell the farm and short the market for sure.
