2020-11-09

S&P Repeat Failure, Shorting!

Waiting for a little more of a drop for a break, but although the S&P 500 went higher, it looks like a repeat of the September failure.

Update: I only ended up buying QQQ puts on the close. The Nasdaq is the better short for now. A confirmation by the S&P 500 and then Russell 2000 will signal the dip in tech might not simply be a reversal of coronavirus trades. Then it might make sense to be looking at cruise lines, movie theaters, etc. again. For now, I'm staying focused on Nasdaq, BigTech and the lockdown stocks.

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