You may have heard of what happened earlier this month, with the technology-sector selloff. It’s revealed that Wall Street’s sentiments have seen a drastic change when it comes to the mentality towards the marketplace. It’s been awhile since we have seen this level of anxiety from those investors on Wall Street, who no longer hold such an air of arrogance towards the true predictability of the market.
This new change of sentiment has made the marketplace a bit tumultuous during the start of these summer months. Even though the summer usually sees such low-volume, so that aspect is unexpected, there’s this new material change to sentiment to add on top of those usual lowered numbers. What if you could take advantage of this situation? There’s a simple method to follow that will help you do just that. Using certain specific strategies, which were designed specifically to take advantage of such a choppy marketplace, you can get ahead of the game when implemented right. This certain strategy includes supporting the resistance levels in the Nasdaq 100: NDX, +0.98%. Then, for ProShares UltraShort QQQ to trade: QQQ QID, -0.12%. Add to that QLD, +0.21% for ProShares Ultra QQQ in the case that resistance levels and support have been broken up. This may be familiar to some but it’s a tried and true strategy known as the “Lock and Walk” strategy. Check this for additional important tips and more from NetPicks..
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