The tech sector exemplified by the 
QQQ ETF has a decisive week ahead. With earnings from the major tech companies such as 
AAPL, 
AMD, 
MSFT, 
FB, 
GOOGL, and 
AMZN due in the next 4 sessions we expect an inflection point. If the tech companies deliver on their estimates and offer better than expected guidance, (or just guidance in AAPL’s case) we expect the QQQ to continue their impressive run and take out the all time high at 382. On the hand, if some or most disappoint, a retest of 365-370 is in play. With Treasury yields high, inflation on the deck, investors will find excuses to dump tech stocks ahead of the final 2 months of the year. Our play if 2-fold. We are long several call and call spreads for the main tech earnings but at the same time put on some QQQ hedges by buying the 375/368 put spreads.
QQQ ETF has a decisive week ahead. With earnings from the major tech companies such as AAPL, AMD, MSFT, FB, GOOGL, and AMZN due in the next 4 sessions we expect an inflection point. If the tech companies deliver on their estimates and offer better than expected guidance, (or just guidance in AAPL’s case) we expect the QQQ to continue their impressive run and take out the all time high at 382. On the hand, if some or most disappoint, a retest of 365-370 is in play. With Treasury yields high, inflation on the deck, investors will find excuses to dump tech stocks ahead of the final 2 months of the year. Our play if 2-fold. We are long several call and call spreads for the main tech earnings but at the same time put on some QQQ hedges by buying the 375/368 put spreads. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.