Here's the latest metrics on the QQQ x2 delta neutral model using QLD and QID (Proshares ultralong and ultra short ETFs). The Qs have been leading the markets up and are outperformingthe SPY in relative momentum. Strong rallies are typiocally accompanied by strong financial sector like XLF (SPDR sector Financials ETFs). That run up has failed to materialize so far.
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