Invesco QQQ Trust Series 1 (QQQ)

You can’t really see the next major support, but it could be $145 and so there might be a pull back to there, if you are looking for a place to step in.

QQQ-Q vs XLK-N QQQ is NASDAQ, XLK is technology. You’re going to find a lot of overlap. One thing with QQQ is BMO has the Canadian Dollar edged version, the ZQQ-T. Take a look at the website of the ETFs companies and see what weightings are and pick the one you want. Both are excellent. QQQ has some Bio stocks and a whole bunch of other stuff. For a straight technology play he would choose XLK. If you want more diversification go with QQQ.

It’s a tech play. It’s got some biotech in there as well and a few other sectors, and consumer discretionary as well. You want to take advantage of the NASDAQ at this time of the year from December 15th until January 23rd as it tends to perform well and outperform the S&P 500.

Technology? If looking for growth, this is probably one of the better spaces to be in. Doesn't think Tech companies are overvalued and they tend to have real earnings. As a growth component in your portfolio, it’s an excellent way to go. He likes this one because it is pretty liquid and he can write options on it without too much difficulty.

This has been tracking very well to the S&P 500 over the last 18 months. She would rather own individual stocks, because in this group there are some stocks that are very overvalued, which she wouldn’t buy.

AMZN-Q vs. QQQ-Q. You can buy very few AMZN-Q shares if you want. There are huge earnings coming in from the technology sector and they report next week. The QQQ-Q’s seasonality reaches its peak on July 17^th (today). These stocks are overbought right now. The stocks are starting to struggle. We have already seen the peak in QQQ-Q.

This is technology which took off in the 1^st part of the year. It has had a great run, and in the last couple of days it was getting double hit on the downside. Designed as a short-term investment, and not a position he would hold for a long-term. Move out of it or reduce your exposure once you have got some of your profits. Think of it as a trading vehicle.

AAPL-Q is okay, but AMZN-N and FB-Q are taking a walk on the wild side. You will get that ETF momentum, but just don’t go into a bear market. It is a late bull market buy. The top on APPL-Q is 5.5 times book value and has been quite reliable. It is an iron top. It is almost there.

If you like the Tech sector, this is one stop shopping. An ETF that represents the NASDAQ 100. A good way to diversify without having to buy individual stocks. Tech stocks have generally done very well over the last few years, although some of are getting to be fully valued.

It is a good holding if you want to track that index. Since 2008 we are still in a post-financial crisis period and typically they are very inventive in their technology. Globally this is a good area to overweight. Technology is a theme that is good to overweight.

(A Top Pick Dec 15/15. Down 8.45%.) Technology stocks tend to do well at that time of year, but it broke down, and he exited his position in January.

Tracks NASDAQ stocks along with a little bit of biotechs and some financials. The NASDAQ tends to do well during a Santa Claus rally and outperforms the S&P 500. He is expecting this to last until January 23. A short-term trade, but definitely something to be taken advantage of.

(A Top Pick April 14/15. Up 2.69%.) The cubes tend to outperform both the TSE Composite and the S&P 500 in the month of May. After that, they have a tendency to underperform going forward. Now is the time to take some profits.

Historically, this has outperformed the rest of the market from the middle of April through to the end of May. This partly has to do with its makeup. It is technology, which is when companies announce their new products. Also, a good chunk is biotech, and there are a lot of announcements from the biotechs that come into the market at that time as well.

The beginning of the NASDAQ run up began in the late 70s when we had the birth of the new economy, up to 2000. The NASDAQ came down and bottomed in 2002. There was then a commodity boom, but then the NASDAQ kind of fiddled diddled until we had our financial crisis in 2007. NASDAQ is now marching back to close to its all-time high. The big run up from 2009 is classified as the Echo Technology Boom. He expects the NASDAQ to take out the old top and go beyond that. This may be the last in the series, but it is going to go on yet.