Looking good, my hedge with this by way of January calls. Markets have been overvalued for some time and just looking for ANY excuse to sell off. IMO
If we are to go off the RSI then you could argue that a pull back next day or so could occur on QID before rallying up. Yo you should really check out awesom*stocks, they seem on point with their stocks.
I see dead people.
The last time QID did something like this it blew up. Not sure how Awe.Som.e.Stocks. finds all these incredible trade ideas but im happy.
Frank Carl John Wellenstein
This market...resembles 2 markets i have seen in my lifetime...1999 and 2007, Crash Looms... GetShort...
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i think that it would be much easier to directly short many expensive stocks like lnth and many others
The scenarios are quite interesting at current levels for QID. Ive been struggling with this stock lately. Some of my other trades have been from awe.some.stock_s which are working out pretty well.
Popular strategies like Covered Calls create small gains with large risk. Merger arbitrage can be tricky, as evidenced by Genworth and Rite Aid. Human perceptio
I think next week will be a very difficult week for the stock market especially the NASDAQ Composite. This will be a buy back in the afternoon type market set up for next week dump party...lol
In the short-term QID does not seem to be like a good trade. check out awe.some.stock.s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
USA=Depression is Here
You can smell this BUBBLE...lol
Look to start taking positions for short-term trade for June
ProShares UltraShort QQQ Fund NYSE $QID Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.8 In other words, the correlation coefficient of the other stocks
I'm in at 19.25 today 1000 shares and 200 April 21st $20 Calls for 27 cents
QID is such a dog!! Probably going to $10 per share...get out while you still can!
Still not to late to double your money by shorting QID...short now at 19.70 until $10.00