The technological sale that happened in June this year had a great impact on Wall Street. A tone of arrogance coupled with overconfidence from the investors that implied that the market was unstoppable has slowly changed, and instead, a particular nervousness was in the air. The change of attitude indicated that during summer months, a choppy market would be experienced. The environmental changes are not new at all. The only thing that makes it different this year is the fact that many individuals have changed their sentiments.
An investor can, however, take advantage of this situation by using proactive strategies that are specially formulated for people to reap the maximum profits when the markets are choppy. One of the strategies is known as Lock and Walk. Through periods when the markets have been choppy, this approach has proven to be profitable. It is formulated to respect both support and resistance levels in NASDAQ. When the support brakes, individuals are advised to sell the QLD. When QLD tests the support, it is important to focus on resistance to trade. If the resistance breaks, sell the QID. Also, when QID tests the resistance, one ought to target support to sell. Once the strategy has 67 points in gain, it is an opportune moment to shut down and wait up for the next trading session. More to read on investing.com.
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