Kimble Charting Solutions Blog

NDX 100 short-term falling resistance still in place.

Posted by Chris Kimble on 03/28/2011 at 9:19 am; This entry is filed under Nasdaq 100, Russell 2000, S&P 500.
Tags: NASDAQ 100, Russell, S&P 500

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Game Plan....Due to falling resistance, am an owner of PSQ.  Will release the position on a 1% upside break of this line.  S&P 500 and the Russell look stronger, per breaking above a similar falling resistance line.

Good strategy right now to consider is a market neutral spread.   Long the small caps (due to strength) and short the Nasdaq 100 (due to relative weakness). This is a relative strength/weakness strategy, not a bet on market direction.

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