And one event potentially involving bitcoin proxy MicroStrategy Friday could mark the top.
I will use a zero-cost options strategy to potentially capture any cooling off over the next month in the red-hot Invesco QQQ Trust ETF (QQQ) .
QQQ YTD mountain Invesco QQQ Trust, YTD December has been a fascinating month so far as we have seen more equities inside of the benchmark index (S & P 500) decline versus rise, questioning breadth.
One last reason that we may have seen a short-term top in the Nasdaq 100 is due to MicroStrategy .
(*Invesco QQQ Trust, Series 1 (QQQ) announced a special cash dividend with an ex-date of 12/27; as a result, QQQ's option contracts have been adjusted to reflect this event.
Persons:
MicroStrategy, MicroStrategy MSTR
Organizations:
Nasdaq, YTD, Broadcom, Tesla, CNBC, NBC UNIVERSAL