S&P 500 & Nasdaq Analysis and Trends

[AnderL]

EDIT for REPLY: Ok so I sold 20% of my QID. I only have 2 posts remaining today. I wanted to pick up some profit from this sell off since there are few and far between and I'm not sure if there will be a strong bounce tomorrow or another gap down. Better to take some off the table. And yes I have still be holding it all this time.

EDIT - Not really a good trade. In fact a very ugly trade. I bought part of it some time in Oct and the other half in Nov. I'm only selling some of it to get some profit out of both of them. It made my stomach churn to hold it all this time and I was tempted several times to sell it for a 10% loss.


I expect that tonight the gorilla traders will come home in their BMWs and their depreciated McMansions to see their portfolios in the hole. They might panic and sell off some in the AM. Set a whole lot of market order sells. So I'll wait for it. Either that or a break even point.