Nasdaq Produces a Rare Profit for Shorts

For once in a rare change, subscribers actually made money on the short side of QQQ Monday morning, doubling or even tripling their stake in just a couple of hours. However, even though QQQ plummeted after trapping bulls on a gap-up opening that we had come prepared to fade, my gut feeling is that buyers are not yet finished and that we’ll see new record highs by week’s end or early next. I explain why in the QQQ tout below, so check it out if you trade or care about this vehicle. The tout contains actionable advice based on a specific and precise Hidden Pivot support where a further correction from these levels could reverse sharply.

  • none June 27, 2017, 9:02 am

    Traders and investors ‘world wide’ are asleep at the wheel.
    inverse markets are Bull
    equity markets at and going bear
    debt markets continue long term bear