Cisco's conference is putting wind in the Nasdaq sails and dragging along the whole market. 11:00 will be the tell. I plan on selling into it. Sold QID at the open. Have not added short positions. XMI briefly traded under 1164.20, but I did not action it.
Will go short at 1166, the neckline of the H&S and the 230-minute M/A. I would prefer to wait for 11:00, but will add a 1/2 position DXD at XMI 1166. Will wait putting on QID until 11:00.
10:30 Nasdaq Composite putting on a show. So far it is a 5-wave, so Nasdaq exploding while DJI, XMI, and S&P are not only not participating, but are now declining again. Will not venture again into QID, having sold earlier at break-even. Nasdaq at new rally highs has me looking at other segments to short.
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