How KKM's Dan Deming Is Trading the QQQ

The video discusses the market's reaction to indictment headlines, highlighting the impact on trading and market dynamics. It then analyzes the performance of the QQQ, an ETF tracking the NASDAQ 100, focusing on its behavior relative to moving averages. Finally, a risk reversal trade strategy is explored, detailing how to rent the QQQ with options to benefit from market movements.

What was the initial reaction on the trading floor to the indictment headlines?

• Traders ignored the headlines.

• There was confusion about why the market was declining.

• The market immediately hit new highs.

• The market continued to rise steadily.

Which ETF is mentioned as tracking the NASDAQ 100?

• SPY

• QQQ

• IWM

• DIA

How did the QQQ perform in relation to its 200-day moving average?

• It bounced significantly off the 200-day moving average.

• It fell below the 200-day moving average.

• It dropped to its lowest point of the year.

• It remained unchanged.

What is the main goal of the risk reversal trade strategy discussed?

• To rent the QQQ with options for potential upside while managing risk.

• To short the QQQ for immediate profit.

• To buy and hold QQQ for long-term gains.

• To sell all QQQ holdings immediately.

What happens if the QQQ tests its 50-day moving average in the discussed strategy?

• The trader loses all investment.

• The trader gets put in the QQQ at a better level.

• The trader must sell the QQQ immediately.

• The trader gains no benefit.