I thought it worth a go for the 15-20 cents to articulate a Nasd 100 short
Via the ETF.
First it has a defined out where the Futures were already trading 20+ points below
the breakdown level .
What compelled me to use the QID was the way NVDA was trading.
Friday It broke down first and led the big tech names lower.
Second my RIA’s are basically long only investors so it provides an insurance element to a generally non hedged portfolio.
Third Spu/Bonds are positive making this a sector value play.
Negative the Nasd until it closes above its breakdown level @ 5763.75 June.
Continuation charts do not completely roll until Monday.
Closing over 5764 June Nasd 100 would elect the stop and I’ve thrown away 20 cents on the pass line to see if it works.
I am not bearish the general market.
Selling the Indices is not my cup of tea in a Bull Market.
Investors have been buying beaten up energy names like SN,OAS & XEC
Both SN & OAS are low cost names that are worth a look at the end of the day.