The market is sooooo corrupt !
SQQQ was $14.43 at 7 AM, went to $15.30, then ended up at exactly $14.43. I promise you. this market is controlled by sophisticated algorithms that can make the indexes do anything. If they wanted to, they could make the indexes all stay within a few dollars all day long. There is no way that what I'm seeing in the market is random- none ! I also believe they watch every single trade, especially honing in on the larger traders ie $100K bought or sold at a time. I believe the algorithms are set to manipulate stocks based on the sizes of the trades in every stock, at any given time. In other words, day traders will lose more today, than any other time in history, as they didn't have this level of AI algorithms before. So generally the ONLY way to make out is to long or short a stock for weeks or months at a time. Basically this market is super corrupt, especially right now, as the bull is showing signs of weakening ie so many AI stocks with slowing earnings growth and lower margins going forward.
Bottom line is IMO, is that this market has had it. The AI buildout might only be in the 3rd or 4th inning, but the stocks in it have peaked IMO(pricing in all of 2026 already), and nowhere to go but down. Of course that's what logic would tell you, and as we know the market can stay irrational for quite some time. Still I feel the market and valuations have gotten way to expensive to keep chasing. and it's time to sell, and take the gains off the table.