If you follow the markets closely, you know that this past week was a wild one with violent daily swings down and back up. I can hardly believe that after Monday’s steep declines in equities, my model, which was 100% allocated to QQQ all week, ended the week with a small gain.

After Monday’s selloff, pundits, who are likely not traders, clamored to get their voices heard that they knew the broad equity market decline was bound to happen and that the writing had been on the wall for months. Little did they know that the markets would bounce back and close the week with a gain. Those pundits were fairly quiet by Friday evening. This should help you understand that nobody knows what the market will do next. Unfortunately, many people don’t know that they don’t know.

My ETF model remains 100% allocated to QQQ.