The NASDAQ 100 continues to power higher as stocks like Microsoft, Apple and Amazon all see money flows continue. Based on the stock chart, there is still upside on the NASDAQ 100 (QQQ) ETF until the max move target is achieved. That level is a major gap fill at $230.00. At that point, the NASDAQ 100 will be less than 5% from the all-time highs. That is remarkable considering over 30 million people have lost their jobs in the last two months. The market is betting on a V-shaped recovery but until there is a vaccine, that is unlikely.
As a swing trader, the max move target level on the NASDAQ 100 ETF (QQQ) is an obvious sell-short opportunity. Not that it is risk free of course, but a combination of the chart level plus logic dictates at least some sort of near-term pull back.
A net gain of 899.12% through May 11th, 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets whip due to the COVID-19, swing trading technical chart setups using the PPT Methodology is easy and insanely profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!