Nasdaq looks too strong, again. We had suspicions it could offer us a dip (we like to buy those) but is now back in the channel and looking ready for new flights, even for potential new heights in 2021.
For months we had been hedging our bigger accounts by buying Nasdaq (at a ratio of 3) and shorting other indices (at a ratio of 1.2) and the return has been great.
At a point (last summer, end of first lockdowns) the strategy was changed: we were buying more SP500 and Russel together with QQQ (hoping that the real economy recovers faster than Nasdaq would keep rising) while hedging by shorting targeted inverse ETFs.
To us, NASDAQ is an asset designed to succeed. A closed group that includes the strongest and fittest.⚔️🛡️ An index you can believe in and keep on buying and buying, especially after (or even while) it corrects.
THIS IS NASDAQ 💯💯💯 (you don't want to be shorting this, go short something else)
agreed on this, i have it capping out at 12890 on December 17th...then some decline next year, but targeting 14444 at next year's end as crazy as that sounds