Profit from Summer Volatility

Summer is normally the low-volume season for the financial markets. Many people enjoy activities outdoors. They play golf and tennis. Take their children to swim team practice. And they go on vacation.

This summer, the markets are particularly choppy because market sentiment has turned. The Dow Jones went up 9% since President Trump’s election. It just hit the 22,000 market.

But financial experts are no longer as confident as they were. So far, President Trump’s administration has failed to repeal Obamacare. It has failed to pass significant pro-business legislation. The early promise is bogged down in countless allegations of spying and leaking. Staff members keep coming and going.

How long before the market goes back down? Nobody knows, but this article in Market Watch explains how you can profit from the hot-weather volatility. It’s called “Lock and Walk.”

Lock and Walk uses support and resistance levels in the NASDAQ 100 (NDX). You use the EFTs ProShares Ultrashort QQQ QID and ProShares Ultra QQQ QLD. Look for when the action moves to test the NDX resistance and support lines.

When QLD breaks through a resistance line, sell it.

When QID breaks through a support level, sell it.

It’s not complicated. In a volatile, choppy market, you just assume stock trends will not continue.

After gaining 67 basis points of profits, stop for the day. Begin fresh the next trading day.

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