Buy QID ETF
$ProShares UltraShort QQQ (QID.US)$Just bought QID at $40.89. This is 2X short on the QQQ. Nasdaq had bounced over 2.2% currently and is approaching its resistance area. There is still possibility it may bounce up some more woth CPI report tomorrow however, if that’s the case, I will just buy more QID later for a lower average price. I believe Nasdaq will have its next larger correction down soon now we see the bounce back to near resistance.
From my post earler today, I mentioned I bought more INTC with average entry price now at $19.2 and expect a nice bounce soon which we are seeing now with cooler PPI report. Will take profit between $21 to $22 area. May reach as soon as tomorrow. This will be a very quick nice profit if that happens,
Cheers
Cheers.
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