I bought SQQQ 9/16 $21 call options in my margin account and SQQQ in my retirement account near the end of the trading day yesterday. Nasdaq had broken it's uptrend line and the mid-day rally had failed (I shorted Nasdaq first because it is weaker than SPX and the Dow). A 1.25% drop with no late day rally seemed to support having an open bearish position over the weekend (5% of total assets).
Yesterday was a frightening day for the USA. It was the only major nation with falling stock markets. The US dollar fell against all the major currencies. US 20 year treasury prices also fell. It this continues, it would be a flight of capital out of US stocks, bonds, and dollars. I am long on the Yen for the long term (months). I did buy TBT and TMV yesterday and they surged initially in the morning I expect that stocks will fall next week and the bonds will rally as the more likely scenario and I will stop loss on the bearish treasuries trade. If the premarket futures are negative, I will open more short positions as the market opens.
I have done a lot of research but am new to this. Don't make major plays on my posts as I have no track record of success.
Yesterday was a frightening day for the USA. It was the only major nation with falling stock markets. The US dollar fell against all the major currencies. US 20 year treasury prices also fell. It this continues, it would be a flight of capital out of US stocks, bonds, and dollars. I am long on the Yen for the long term (months). I did buy TBT and TMV yesterday and they surged initially in the morning I expect that stocks will fall next week and the bonds will rally as the more likely scenario and I will stop loss on the bearish treasuries trade. If the premarket futures are negative, I will open more short positions as the market opens.
I have done a lot of research but am new to this. Don't make major plays on my posts as I have no track record of success.
