Using One Stock to Determine Action of Another
Sometimes the best way to determine which way a stock will go is by analyzing what the complete opposite stock is doing. For example, UltraShort – QID measures inverse daily returns of the Nasdaq-100. So if the UltraShort is looking to head upwards, then that can mean bad news for the Nasdaq-100.
The following video does a good job explaining this whole idea.
Watch the video – Using the QID