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Is it a good timing to short NASDAQ?

NASDAQ:QQQ   POWERSHARES QQQ TRUST
141 1 8
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.
TB11741
2 years ago
feels right to me...lotta supply and no demand at these levels....will need one more flush out to question santa rally and then look for resumption of the uptrend
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