ProShares UltraPro Short QQQ ETF (SQQQ)

[fourdint]

Make no mistake, "Sentiment" vice fundamentals or technicals is what drives the market. But that doesnt mean fundamentals and technicals are not catalysts of sentiment! But it does take a change is sentiment!

Economic data has showed weekness - although they may beat analysts expectation, everything is basically lower y/y. Inflation data, upon analysis, actually showed a rise in a gauge of inflation as lower oil/gas prices was main downward push -- it's seasonal and I dont think $70 a barrel will hold. Fears still exist about the stability of regional banks, debt ceiling impasse, depth of ression ... all play into sentiment. Something has to break!

Even Warren buffet, long the market, is selling stocks and buying short term treasuries ... and that means he is loading up on gun powder! Other analysts say the same, but some still pushing bull -- I can't help to think they have self interest?

I do believe SQQQ going much higher. Debt ceiling may be next and a big catalyst (there certainly others on shelf). I might talk more detail of debt celing later as, yes, it will be raised but there's much more too it!