The selloff in the technology sector has left investors on Wall Street with tension given that they did not expect such a situation to occur. The shift in market has paved way to choppy market in summer months. The existence of choppy markets during low-volume summer months is not a new thing. With the material change in sentiments, the likelihood of choppy markets is even greater.
However, with the right procedure, investors can still make profits from choppy markets. “Lock and Walk” is one of the strategies that have proved effective in the past choppy markets. This method is common to the investors who use technical analysis where they buy near support, sell near resistance and stop out if the support breaks. Lock and Walk strategy requires an investor to respect resistance and support levels in the Nasdaq 100 NDX,-1.83 percent and to trade the QID and QLD shares when resistance and support levels are broken or tested. This strategy is designed to shut down until the next trading season if it has 67 basis points in gains. Additional reading here
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