Yesterday the ShortTerm QQQ Model generated a Repeat Sell and this morning the Intermediate Term model has done the same, The difference between the two models is that the Short-Term is based upon hourly price bars and projects out 2-4 weeks, while the Intermediate Term is based upon daily price bars and projects out 2-4 months. That these two models have triggered Repeat Sells so close together suggests we have seen a major change in trend to the downside. Repeat signals of any kind are especially relevant for anyone who for any reason is not in the trade. Repeat Intermediate Term Sell Signal: QQQ (266.70) Option: Nov 20th $260P (12.50-12.75) This is an expensive put, attributable at least in part to the fact that expiration is post-election. In the Feb-Mar sell-off QQQ fell from 237 to 165...and there was no election involved.
