Yes, I will admit it. I am excited today. Buying the ProShares UltraShort QQQ ETF (QID) is probably the smartest move an investor can make today. Why? Because $AAPL has carried the NASDAQ 100 for four straight days but is seeing MASSIVE distribution today. What is distribution? It is where there is huge volume but prices starts to flatten out. This is happening to Apple ever since it tagged the $115.00 level. Distribution occurs when big money institutions sell into greedy small investors. The volume is big but price stays the same as the buy volume and sell volume is equaled out. In addition, the NASDAQ 100 ETF (QQQ) just filled a major gap going back to Friday's collapse. This is a huge resistance point for the NASDAQ 100. When you add the gap fill + Apple distribution, you get a top in the NASDAQ. This is why I am so FREAKIN' EXCITED. You can thank me later when you make thousands on this heads-up alert.
Sign up to Verified Investing and get live swing trades from 1000's of Pro Traders. Verified Investing is free to join. Users can choose any single trade alert from any Pro Trader and access the exact entry, stop and target. In addition, Verified Investing verifies every trade and compiles audited track records of every Pro Trader. Sign up and begin profiting today.
