Having handled the decline, the markets now seem to be on the verge of a melt-up. We are already seeing it in European securities and industrials. However, I think the risk reward is best in Nasdaq, where I think we will trade at least 15% by the end of Q3. Looking at some data, it seems that fund managers are again underinvested in equities, which limits the downside.
I would position with a tactical long in NDQ-futures. With a risk/reward of 5 - risking 10% of my capital.
I would position with a tactical long in NDQ-futures. With a risk/reward of 5 - risking 10% of my capital.
Comment:
In case we print an ATH, please put stops to break even. DINGDONG
Comment:
move stops to break even now. You are welcome for the free ride to the chocolate factory