NASDAQ:AAPL APPLE INC
Yes, I will admit it. I am excited today. Buying the ProShares UltraShort QQQ (NYSEARCA:QID) is probably the smartest move an investor can make today. Why? Because $AAPL has carried the NASDAQ 100 for four straight days but is seeing MASSIVE distribution today. What is distribution? It is where there is huge but prices starts to flatten out. This is happening to Apple ever since it tagged the $115.00 level. Distribution occurs when big money institutions sell into greedy small investors. The is big but price stays the same as the buy and sell is equaled out. In addition, the NASDAQ 100 (NYSEARCA:QQQ) just filled a major gap going back to Friday's collapse. This is a huge resistance point for the NASDAQ 100. When you add the gap fill + Apple distribution, you get a top in the NASDAQ. This is why I am so FREAKIN' EXCITED. You can thank me later when you make thousands on this heads-up alert.