Testing The Short Side With SQQQ

I believe that we have a short term (1-2 days) shorting opportunity in the $QQQ.  The QQQ is now up 6 days in a row testing the presidential election gap down at the same time that AAPL is facing some technical resistance at the $590 level.  If right this might be only a 2% pullback, for the aggressive traders the 3x ETF’S make it worth while.  It’s un-American to short $AAPL but it is okay if you do it via the QQQ/SQQQ.

Here is another look from @GTOTOY who has been right on AAPL

If this idea makes sense to you, then play at your own risk, and know your risk.  Consult your broker/advisor/etc or us at Zor Capital.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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