Monday, May 14, 2018 12:34:07 PM
The NASDAQ 100 has staged an epic rally, now within just a few percentage points of the all-time highs. Greed is brimming again with average investors buying technology stocks like they were in January. Overbought signals are flashing red and more importantly, a major gap fill has just been tagged. The level on the $QQQ (NASDAQ 100) is $171.00 and the market has kissed it like a shiny new gem. This is the level smart money has been waiting for. If you add in the greed/sentiment it makes for one of the prettiest short trades the market has offered in recent history. Smart money has locked and loaded this level. Look for technology stocks like Facebook (FB) and Amazon.com (AMZN) to take a dump in the coming weeks.
Gareth Soloway
InTheMoneyStocks
Recent QQQ News
- Invesco QQQ Celebrates 25 years of Access to Innovation • PR Newswire (US) • 03/11/2024 01:00:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/29/2024 09:58:50 PM
- Form 497J - Certification of no change in definitive materials • Edgar (US Regulatory) • 01/30/2024 07:52:57 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 08:42:59 PM
- Form N-30B-2 - Periodic and interim reports mailed to shareholders • Edgar (US Regulatory) • 12/28/2023 04:16:55 PM
- Form 24F-2NT - Rule 24F-2 notice • Edgar (US Regulatory) • 12/22/2023 04:52:05 PM
- Annual Changes to the Nasdaq-100 Index® • GlobeNewswire Inc. • 12/09/2023 01:00:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/29/2023 03:44:15 PM
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