4/6/2019 Stocks continue upwards march towards new highs. We have broken above local resistance and I suspect we move higher in the next few weeks.

Hi everyone. Despite my bearish calls in the last few months, stocks continue marching higher. 

QQQ has broken above the high from 2 weeks ago, so I think we will move higher.

If you want a lower risk trade, I recommend shorting DIA (the Dow Jones), while buying QQQ. This pairs trade capitalizes on technology stocks outperforming the Dow Jones. 

QQQ Weekly 4_6_2019

QQQ has strong upwards momentum on the weekly chart. 

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