charttrader

Is it a good timing to short NASDAQ?

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
10
Market often gives the second chance so we have that case with Nasdaq 100 now.
Index was turbo-shortsqueezed and returned to its highs.
At the same time all popular comoanies reported bad or very bad ( NFLX , AMZN , FB , TWTR etc).
Yes the index is outweighted by AAPL , where businness still going for strong but its more an exception.
Many blue chips have reported badly — Cocal Cola, IBM , McDonalds etc.
In average we see growth in reports pumped mostly by buybacks but for a long term these buybacks at these prices will be value destructive.

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