Monkey Throw Dart: Planet of the QID's?

Thursday, March 25, 2010

Planet of the QID's?




Sounds like Mr. Heston doesn't want the QLD trade to end either. Can't say I blame him. 22.6% in a month and a half speaks for itself. Let's not jump the gun yet since the bull is still in the sidebar. On the other paw, it will only take a 0.1% move down on the QQQQ's to force a swap of the QLD to the QID. The magic number tomorrow for the Q's is about 47.89. If we end the day there or below, expect the bear to appear and then we can all hope, watch, and wait for the market to fall apart, and see the QID rise from the ashes. Conversely, anything above 47.89 at tomorrow's close will keep the QLD trade afloat.