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QQQ – Nasdaq ETF (Last:335.71)


I was going to purge QQQ from the list for lack of interest, but it shall remain for now, since it could conceivably yield a decent short when the Grim Reaper finally comes calling (assuming he doesn’t keel over dead himself waiting for this bull market to end). For the moment, I’m mildly persuaded that the epic delusion that has sustained the bull trend will carry the Cubes to new heights: p2=350.90, the secondary pivot of a pattern projecting to as high as 368.70. Meanwhile, I am tracking a low-risk short: four June 280/290/300 put butterfly spreads reportedly acquired Friday by a single subscriber for 0.20. No action will be necessary unless QQQ collapses.

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