By my count, we are in the midst of chalking up our 6th distribution day since June 9th, or the last 14 trading days in the QQQ. This is putting us in an extreme caution mode and we have raised some cash. This could be part of a sector rotation but in any case, a correction in this large cap tech area looks imminent. As a result we are taking a LONG position in QID, the inverse ProShares Ultra Short ETF. We were filled at $17.66. At this point, we will honor the stops on our two remaining profitable longs HIIQ and MDXG.




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