Invesco QQQ Trust Series 1 (QQQ)

The NASDAQ has been on fire and this represents that as a proxy. It is back to recent highs, so he would wait for a break to new highs, wait two days and then buy if it holds strength. He would not buy until the new highs have been made.

He sees recent lows being higher and with higher volume. It is not making new highs, but it is supportive. Be careful, you may need to sustain a $15 loss. He would hold no more than 1% of this in a speculative holding. This is an unusually risky index.

Tracks the NASDAQ. The strength on technology is equivalent to the one seen on the late 1990. But we don’t have that crazy valuations. Growth companies. Not really cyclical.

(A Top Pick Dec 19/17, Up 5%) The market has turned when the large caps have failed to perform. The seasonal period has finished but we are still on track. Hold it and wait for a secondary pull back with techs next month.

You can’t really see the next major support, but it could be $145 and so there might be a pull back to there, if you are looking for a place to step in.

QQQ-Q vs XLK-N QQQ is NASDAQ, XLK is technology. You’re going to find a lot of overlap. One thing with QQQ is BMO has the Canadian Dollar edged version, the ZQQ-T. Take a look at the website of the ETFs companies and see what weightings are and pick the one you want. Both are excellent. QQQ has some Bio stocks and a whole bunch of other stuff. For a straight technology play he would choose XLK. If you want more diversification go with QQQ.

It’s a tech play. It’s got some biotech in there as well and a few other sectors, and consumer discretionary as well. You want to take advantage of the NASDAQ at this time of the year from December 15th until January 23rd as it tends to perform well and outperform the S&P 500.

Technology? If looking for growth, this is probably one of the better spaces to be in. Doesn't think Tech companies are overvalued and they tend to have real earnings. As a growth component in your portfolio, it’s an excellent way to go. He likes this one because it is pretty liquid and he can write options on it without too much difficulty.

This has been tracking very well to the S&P 500 over the last 18 months. She would rather own individual stocks, because in this group there are some stocks that are very overvalued, which she wouldn’t buy.

AMZN-Q vs. QQQ-Q. You can buy very few AMZN-Q shares if you want. There are huge earnings coming in from the technology sector and they report next week. The QQQ-Q’s seasonality reaches its peak on July 17^th (today). These stocks are overbought right now. The stocks are starting to struggle. We have already seen the peak in QQQ-Q.

This is technology which took off in the 1^st part of the year. It has had a great run, and in the last couple of days it was getting double hit on the downside. Designed as a short-term investment, and not a position he would hold for a long-term. Move out of it or reduce your exposure once you have got some of your profits. Think of it as a trading vehicle.

AAPL-Q is okay, but AMZN-N and FB-Q are taking a walk on the wild side. You will get that ETF momentum, but just don’t go into a bear market. It is a late bull market buy. The top on APPL-Q is 5.5 times book value and has been quite reliable. It is an iron top. It is almost there.

If you like the Tech sector, this is one stop shopping. An ETF that represents the NASDAQ 100. A good way to diversify without having to buy individual stocks. Tech stocks have generally done very well over the last few years, although some of are getting to be fully valued.

It is a good holding if you want to track that index. Since 2008 we are still in a post-financial crisis period and typically they are very inventive in their technology. Globally this is a good area to overweight. Technology is a theme that is good to overweight.

(A Top Pick Dec 15/15. Down 8.45%.) Technology stocks tend to do well at that time of year, but it broke down, and he exited his position in January.