Covered my short in qqq earlier today at 68. Amazed I made money.
5 day trin signaling a short term buy signal, my gut says we at least run back to recent high on either spx or qqq. After that, will know as it happens. But for now, this only looks like a pullback from an extremely overbought condition.
Been buying gld, as that is a pretty sure thing till the depression starts. Stocks are a big risk, even if they will run a lot higher possibly in the next couple months. Is like owning stocks in the summer of 2007, or the end of winter in 2000. You may make money, but if you are greedy, good luck paying your bills.