DayTrading QQQ Swings (QQQ)

[blasher]

Economic Reports BMO this morning . . . ...

* U.S. 4Q GDP revised down to -6.3% vs. -6.2%
* U.S. 4Q GDP revision better than -6.7% expected
* U.S. 4Q GDP lowest since 1982
* U.S. 4Q final sales fall 6.2%, lowest since 1980
* U.S. 4Q consumer spending falls 4.3%, most since 1980
* U.S. 4Q business investment falls 21.7%, most since 1975
* U.S. 4Q corporate profits down 16.5%, biggest drop since '53
* U.S. weekly initial jobless claims rise 8,000 to 652,000
* U.S. 4-week average initial claims falls 1,000 to 649,000
* U.S. ongoing jobless claims rise 122,000 to record 5.56 mln
* U.S. 4-week avg ongoing claims up 123,750 to record 5.33 mln


Hold on to those Shorts ... even if we get a small run higher during the Open.
We may run up to "test" yesterday's HOD first ...
but the near future is "dim".