What do you think? Any super secret arb or correlation trading tricks? QQQ went like this today: / SPY went like this today: \/ Usually QQQ and SPY are pretty even but today was definitely not the case. What do you think?
well, today is the dumping day, and only reason QQQ is strong is that it's used to cover the trace. Monday we are going to gap down 300 points.
Monday if QQQ gap down open below today's low, that'll be perfect short time. SPY is the 3rd leg lower high if you pull 9-month bar chart. This usually is the start of a epic fall. I'm holding some Aug 125 puts on SPY and some QQQ aug 58 calls to hedge.
no, just anecdotal. When I scalped ES, if ES was up but NQ was not up more (percentage wise) I would be skeptical. If NQ outperformed ES for the day that would confirm the trend. Not a money maker, just gave me an idea on which side to trade.
depends on time-frame i guess. i don't really look at leaders/laggards. qqq/spy caught my eye because of the new high for qqq.