100-day MVA Correction? Sure Why Not?

Hey Subscriber,

Well, we got the "3-Days down 10% and a Bounce" routine but now two failed rallies. It was the fastest 10% correction in history for the Nasdaq.

Today the second failed rally reversal today starting around 1pm with the Nasdaq Composite now down 1.5%

Was this a 50-100-200 day correction I asked last week--well we know now this is not just a 50-day moving average correction--here's the chart.

 I added the CCI Channel line because it was really helpful for me to call the March 23 bottom ( "CCI Channel Line" definition here. 

Here is the inverse to the QQQ the SQQQ

Here is how we hedge our managed growth accounts at Transformity Wealth Management.
SQQQ Oct 2 2020 30 Call (Weekly) Buy Under $1.90 
  
This is an call option on the 3X Short QQQ ETF the SQQQ. We use this because of the 3X leverage in the SQQQ.  One option is 100 shares of the QQQ which today is at $270 as I type. That gives you an idea of how much YOU should hedge--we hedge all our growth exposure EX-SPACS; ex-Nikola (are you NOT GLAD you sold at $87-$93 !!! now?).

As I will get into in newsletter next week, the SPACs we own mostly go UP on down days...have ya noticed? 
We have done a lot of research on this phenomenon and I have dubbed this "Dude--Let's Decarbonize the Planet Bros" schema. 

Gotta run.