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I sold my QID hedge into this morning's weakness. That's the ETF that provides you with 2x the downside in the Nasdaq 100. I am not bidding on some QLD, which is the 2x upside in the Nasdaq 100, as I think we should see a bounce in the market this week.
posted by J. Kahn @ 10:36 AM
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Jordan Kahn, CFA is the Chief Investment Officer of KAM Advisors, in Beverly Hills, CA. He is a frequent market commentator for numerous investment publications, and has appeared on CNBC and KNBC-Los Angeles. He is a regular columnist for RealMoney.com and has also been featured in TheStreet.com, Street Insight, Technology Investor, and Barron’s.
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