In a post late last week it was noted that the leveraged long NDX fund TQQQ was shorted. Well, a quick profit is now booked. It’s not a good looking chart, but profit is profit.
I am still holding SPY short as I have done through thick and thin over the last month or so. It’s unleveraged and of little concern for short-term trading. If the market fails to top for a decent correction and instead breaks higher, I’ll consider letting it go.
As for the Semiconductor companies noted in that post, they are still held.