We exited the NDQ in late May above $50, intending to re-enter during a pullback this month. The Israel-Iran conflict may have afforded us the opportunity. We like the risk/reward ~3.5% below Friday’s close. The NASDAQ futures have opened down less than 1% this morning, which means we need ongoing weakness to get set.
- I believe the risk/reward towards the NDQ ETF looks good if we see early selling on Middle Eastern uncertainty.
Trade Idea: Buy the BetaShares NASDAQ 100 ETF at $48 with stops at $45.20 – 6% risk.
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