Trade Alert For Equity and ETF Models
We sold our trading position in QQQ for a slight profit. As we have been discussing, the reflexive rally is eating into its oversold levels and approaching important resistance such as the 50dma. Further, we are being a little cautious heading into the unemployment data due tomorrow morning.
- Sell 100% of QQQ
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.