The June 2017 technology sector selloff has changed the attitude on Wall Street considerably. Although many investors thought that the industry was unstoppable, this dramatic change has caused tension that has never been seen for a while. Such shift events mean that the 2017 summer will be marked with rough and irregular markets. Although low volume summers are common, this summer is expected to be worse owing to the considerable sentiment change.
There are several strategies likely to profit from changing market situations. These strategies have been used and yielded beneficial outcome since 2000. Lock and Walk is one of the strategies that have worked during choppy market environments. However, past success of these strategies doesn’t guarantee future success.
Lock and Walk Strategy was developed to respect support and resistance levels in the Nasdaq 100 NDX,-0.80 percent. It then trades the ProShares Ultrasound QQQ QID, +1.61 percent and ProShares QQQ QLD,-1.53 percent in the event of broken or tested support and resistance levels.
Understanding these rules can help you reap profits during choppy markets. In a nutshell, the rules simply mean buying near support, selling near resistance and stopping out when support breaks. However, the Lock and Walk Strategy has one limitation, when it gains 67 points, it is designed to shut down until the next trading session. Since choppy environments don’t last long, Lock and Walk Strategy provides you with an opportunity to gain during the short irregular market conditions. To read more, check this out!
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