NASDAQ & HIGH GROWTH TECH - The Easy Money has been MADE
Updated
The great rotation is REAL and HERE IN FULL FORCE. After the FOMC put rates on hold until 2023, investors have begun to rotate into higher dividend yielding stocks and out of bonds. What does this mean for the tech sector? EXODUS. I don't know if it will be fast or slow, but I believe we are about to form a new longer term channel on the QQQ ETF, or tech stocks in general. The details are on the chart.
My tip: watch the higher market cap tech names, when they start selling off, this ETF will follow. All in all, I'm looking for out performance in other sectors and to stay away from tech, until the February 2020 high is hit.
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts before anyone else!
My tip: watch the higher market cap tech names, when they start selling off, this ETF will follow. All in all, I'm looking for out performance in other sectors and to stay away from tech, until the February 2020 high is hit.
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts before anyone else!
Note
I took half off of the table and the rest is sitting at break even for a risk free trade. Something I want to note is; if covid starts making its way back through the population in the USA; money could flow back into tech instead of broadening out to the rest of the sectors. I'll update with another position if I end up taking another!Trade closed manually
I've enjoyed a very good gain in this short position; I think we are due for a bounce so I have closed this position. Be sure to check back for more ideas :)
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