TQQQ Short Covered

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.

tqqq

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.