Time to Buy Stocks? TQQQ Analysis -73%

27 thg 5, 2022

There is something to be said about speculation.

Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced at... -73.28%. (these measurements could be off by a few percentage points I just measured it once and they happened to be the same measurement.

Anyway, this looks like a good risk reward entry. I have bought and will continue to provide updates. For now, I have bought with the expectation that price will test the all time high from here.

God bless.

29 thg 6, 2022

Giao dịch được đóng thủ công

Following up on this post. I think it prudent to hold off on any further purchasing of TQQQ. In general, I am suspect of the market overall, especially with oil looking like it needs to correct / pull back. In the meantime, let's wait for a more convincing bottom to develop in stocks.

I should acknowledge, this post has received more likes than what I usually see. I suspect this is due to the likelihood that "people are ready to buy again"...? I don't know. At any rate, we need to wait a while longer.

Last, I sold all of my tech stocks at open on Monday, 6/27.

Be well! God bless!