103 replies to this topic

[skott]

The Repo Markets appear to be setting up a massive crisis event as rates skyrocket overnight.  See the article below from ZeroHedge.

Source : Zerohedge.com : “Nobody Knows What’s Going On”: Repo Market Freezes As Overnight Rate Hits All Time High Of 10%

https://www.zerohedg...ll-time-high-10

[skott]

my average short price of QQQ is 191.73. After announcement has settled QQQ is 190.56 -190.35 depending on when u blink your eyes. I think I'll sit tight for now and hopefully can have the patience and the right price movement for me to hold on a couple weeks. Position change possible with the blink of an eye but in 30 minutes, I'll be out of pocket until after the close

[skott]

QQQ 189.00 to 189.50 is a very important level that needs to hold. If not, watch out below..... I would think if it breaks we at least get a test of 185. then perhaps 180, 176, 169. Tons of support at 169

[skott]

I'm not a big fan of out of the box standard indicators but take a look at Chalkin Money Flow and On Balance Volume for SPY over the last few months as highs were being made and potential top put in.

[skott]

I was going to add to my  "I'll be out of pocket until after the close" post that the trade could turn on just a few words from Powell 

who I assume it was talking on my TV when I left.  Went from loser to winner and now back to a loser. 

[skott]

increase my short position by 25% more. I'd like to say I did this at the highs but I did not. 192.81 is my last entry. If we close weak it is going to be another pretty large topping tail for QQQ

[skott]

Staying short over the weekend. At about Break even at this time.

[skott]

Well, that was extremely good timing. Did I miss something?

[skott]

if that 190 area doesn't hold, look out. Something is going on behind the scenes. you don't have the repo market hit 10% for nothing.

[skott]

less than a year ago, december 2018 QQQ hit 143. Is the world some 33% better now than back then?