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 has strong upwards momentum on the weekly chart.