ProShares UltraPro Short QQQ ETF (SQQQ)

[luckydude777]

Well written post. Thanks!

This is a week or two too early to be confidently positive, but I'm starting to lean more heavily in that the "signal" has been sent out to the "big boys" to slowly start buying quality stocks again.

Doing short momentum trades during the day in TQQQ is my intentions going forward. SQQQ is scaring me now, to be honest. (That's because I'm a rookie and don't have that much money to lose at the crap table, in all truthfulness. I KNOW I'll get my money back holding T. I am NOT that positive I'll get my money back with S ... now)

Bottom line: I think the FED wants to maintain HOPE in the indexes yet keep the market essentially going SIDEWAYS for the foreseeable future.

In trying to predict if this market is going to drop much lower verses staying essentially in this range we're now in ... I'm predicting the FED doesn't want FEAR coming back into the markets. (There's ENOUGH fear with Russia and perhaps China and Taiwan to MORE than go around). And if I'm correct, the PPD and their institutional and hedgefund buddies will keep stock prices propped up.

All opinions welcome of course. We're here to help each other make profits.