Blog Post: Day 7 of $QQQ short term down-trend; 27 US new highs and 75 lows; IBD calls “Market in Correction” ; Cash is king


Time to be in cash or in SQQQ. “Sell in May and go away; come back at Halloween.” A bottom may have to wait until after the September Fed meeting and 3rd quarter earnings are being released in October. Protecting one’s capital is the name of the game right now.  The short term trend is down.

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