Invesco QQQ Trust Series 1 (QQQ)

[farooq]

QQQ seems to be ready to attack 113.50 one more time.
Fed meeting can be about DB, meeting with Obama on same day make me more cautious. I am playing with call and future this week but flip my side if see the sign otherwise.
Gold is jumping on fear of market decline is imminent but I think it more so on dollar weakness.
I will be willing to buy some dust and write some calls against it since this one also act like option in decaying value.
China inflation clear the hands of Fed to increase interest rate why market is not taking it seriously is having with so much liquidity but it seems it soon to end.
On 1 Trillion $ short trade it could be via options but most of option buyers in that category buy them when they gong long so be careful.
Good luck and happy trading.