Get started

QQQ

Trend Lines & Their Significance in Minervini's Trading StrategyIntroduction In the world of stock trading, trend lines are vital tools for investors and traders alike. Mark Minervini, an acclaimed swing trader, is known for his strategic use of trend lines in assessing the strength of stock movements. This article delves into Minervini's approach, highlighting how he utilizes trend lines to identify optimal trade entries and exits, and emphasizes the significance of upward trend consistency in his methods. Utilizing Trend Lines to Gauge Stock Movement Strength Minervini leverages trend lines to evaluate the momentum and strength of a stock's movement. By connecting the lows in an upward trend or the highs in a downward trend, he creates a visual representation of the stock’s trajectory. This technique allows him to discern the stock's current trend, be it bullish or bearish, and gauge its strength. A steeper trend line indicates a stronger movement, whereas a flatter line suggests a weaker trend. In Minervini’s strategy, the angle and longevity of these trend lines are critical factors in assessing a stock's potential for continued movement in its current direction. Identifying Trade Entries and Exits Trend lines are more than just indicators of stock movement; they are crucial for identifying potential trade entries and exits. Minervini uses two types of trend lines: support and resistance. A support line is drawn along the low points of a stock's price, indicating a level where the price tends to find support and bounce back upwards. Conversely, a resistance line connects the high points, highlighting a price level where the stock often faces selling pressure. For Minervini, a break above a resistance trend line signals a potential entry point, indicating that the stock might continue to climb. Similarly, a break below a support line might suggest an exit point or a short-selling opportunity, indicating that the stock could be entering a downtrend. These trend lines, therefore, play a pivotal role in his decision-making process, guiding him on when to enter or exit a trade. The Importance of Upward Trend Consistency In Minervini's method, consistency in an upward trend is a key factor. He looks for stocks that show a sustained upward trend, marked by higher highs and higher lows, which are typically indicative of strong buyer interest and positive momentum. This consistency not only suggests a robust bullish sentiment but also provides a measure of safety, as stocks in a consistent uptrend are less likely to experience sudden drops. Moreover, Minervini emphasizes the importance of volume in these trends. An upward trend accompanied by increasing volume can be a sign of strong investor confidence, adding further credence to the strength of the trend. Conversely, an upward trend with declining volume may signal a loss of momentum, prompting a more cautious approach. Conclusion Mark Minervini’s use of trend lines is a testament to their importance in stock trading. By carefully analyzing these lines for both support and resistance, and prioritizing stocks with a consistent upward trend, he is able to make informed decisions about trade entries and exits. For traders looking to enhance their strategies, incorporating Minervini's approach to trend lines can be a valuable addition to their trading toolkit, offering a clearer perspective on the strengths and potential directions of stock movements.
DJ:DJIEducation
by JS_TechTrading
oil and the secondary wave of inflation.before you read any further read my post from may: --- in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people got wiped out. today, i bring to you a follow-up prediction, in line with my us10y prediction. --- i'm predicting that oil hits $181 per barrel over the next year, which will cause a secondary wave of inflation. --- oil w5 algo = $181
OANDA:WTICOUSD
by Eloquent
6
us10y and the secondary wave of inflation.before you read any further, read my post from april: --- it has been awhile since i've given a public update on the us10y and my general theory about where i believe these rates are headed. back in april of 2023, i gave an upside target of 5.9% for the us10y. as of today, i'm raising the range for that upside target into the window between 6-9%, going into the end of 2024. i'm aware that jpow has mentioned in the last few fed meetings that he has no intention of raising the rates any further, but i'm seeing a significant development on many of the charts this week which tells me otherwise. so i'm calling him out on his bluff. --- us10y w5 algo = 6-9%
TVC:US10Y
by Eloquent
✨❄️🌟 The Tutorial How-To Find a Magic on TradingViewFinancial markets just finished its memorial 2023. Whatever the numbers at the “Closing bell”, on your monitors and in your portfolios, there is no doubt that 2023 year’s Santa Rally will go down in history as one of the most outstanding in many years. In November and December, 2023 the U.S. stock market was rallying for the 9th consecutive week in a row. This was the longest ever upside streak in SP:SPX over the past 20 years, since the fourth quarter of 2003. Well.. just try to answer what happened with the market the past one time. Happy New 2024 Year! ✨❄️🌟🎅🎊🌲💫⛄️🌠✨❄️🌟🎅🎊🌲💫⛄️🌠
NASDAQ:NDXEducation
by Pandorra
2
QQQ Will Explode! BUY! My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 396.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 405.80 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
$AAOI Bull Flag?I have been keeping an eye on NASDAQ:AAOI and wanted to get in a couple of weeks ago but did not want to chase it. It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position. The proper or traditional entry is yet to come as it breaks above the upper downtrend line of the Bull Flag. I like to get in as early as possible so that is why I took a small position yesterday as it looked to be confirming a reversal. Today is strong so I brought it up to full size. I may look to add even more on the next consolidation level. All TBD. I have two stops. On todays add-ons it is just below today’s low. On the original buy it is below the Jan 3rd low. Ideas, not investing / trading advice.
NASDAQ:AAOILong
by jaxdog
$DJI now in short term downtrend, NDX, SPX & RUT already wereLooks like the TVC:DJI is in a short term downtrend. NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago. TVC:VIX is at higher end of the recent pattern and it keeps poking it. *(TOOK THIS FROM ANOTHER POST Remember, the more something is poked the weaker it becomes Picture paper holding a marble Poke with a needle Poke enough & that marble falls Same works to the upside)* The TVC:TNX or10 yr #yield looks to be setting up decently on the 4hr intraday. #stocks
DJ:DJI
by ROYAL_OAK_INC
NDX Nasdaq100 Fell 8.60% After the Last U.S. Credit Downgradeitch Ratings downgraded the US debt rating on Tuesday, moving it from the highest AAA rating to AA+, citing concerns about "a steady deterioration in standards of governance." This downgrade happened following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, raising the risk of the nation's first default. In the past, a similar credit downgrade had a significant impact on the NDX, which fell 8.60% in just two weeks. Back in August 5, 2011, Standard & Poor's, one of the major credit rating firms, downgraded U.S. debt after another major debt ceiling battle. Jim Reid, a strategist at Deutsche Bank, pointed out that while the news of Standard & Poor's being the first to downgrade 12 years ago was substantial, investors had already adjusted their perceptions of the world's most important bond market, recognizing that it was no longer a pure AAA. Nonetheless, Fitch's recent decision to downgrade is still significant. In the current scenario, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. As for the price target for this year, it remains at $16650, as shown in the chart below: Looking forward to read your opinion about it!
NASDAQ:NDXShort
by TopgOptions
QQQ Nasdaq 100 ETF Price Prediction for 2024This was my price prediction for QQQ in 2023. I was bullish, but not enough: Considerations about 2024: In the July 2023 meeting, the FOMC chose to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at mitigating heightened inflation. The prevailing consensus among market experts hints at a potential shift in strategy, suggesting that the Fed might commence rate cuts later in 2024 as inflation gradually aligns with the Fed's 2% target. Statistically, historical data indicates that approximately 11 months after the cessation of interest rate increases, a recession tends to manifest. This pattern places us around June 2024, aligning with my prediction of a dip in the QQQ to approximately $370. Given that 2024 is an election year, there's an additional layer of complexity in predicting market behavior. Despite the anticipated mid-year dip, my inclination is that the QQQ will conclude the year on a bullish note. This optimistic outlook hints at the onset of a 3-5 year AI bubble cycle, with the QQQ boasting a year-end price target of $460. The integration of artificial intelligence into various sectors is expected to catalyze market growth and innovation, propelling the QQQ to new heights by the close of 2024.
NASDAQ:QQQLong
by TopgOptions
2024 Investment OutlookIntroduction The current economic landscape is marked by higher interest rates and increased volatility, a departure from the stability observed in the decade following the global financial crisis. Unlike before, central banks face challenges in stabilizing economies due to production constraints and tougher trade-offs in addressing inflation versus supporting growth. The evolving economic environment is shaped by structural factors such as shrinking workforces, geopolitical fragmentation, and the low-carbon transition. The prevailing uncertainty has led to a disconnect between cyclical narratives and structural realities, contributing to market volatility. Despite apparent U.S. economic growth, it reflects a recovery from the pandemic shock rather than robust expansion. The key implication is persistently higher interest rates and tighter financial conditions, prompting a need for a more active portfolio approach. In this new regime, macro insights are expected to be valuable, with greater volatility and return dispersion creating opportunities for investment expertise. Context is everything In 2023, hopes for a soft landing in the U.S. economy have been fueled by robust growth in the third quarter, a significant decline in core inflation, and the creation of nearly 7 million jobs since January 2022. However, taking a broader perspective reveals that the economy is still recovering from the pandemic, with job gains largely recouping those lost during the initial impact. Despite strong job growth, overall economic activity has been below pre-pandemic expectations, averaging less than 1.8% annual growth since the pandemic. The key insight is that a structural change has occurred, leading to a weaker growth path accompanied by higher inflation, increased interest rates, and elevated debt levels. The advice for investors is to focus on how the economy and markets are adjusting to this new regime rather than relying on a typical cyclical playbook, as the traditional approach may be misguided. Managing Macro Risk Investors are advised to neutralize macro exposures or, with high conviction, deliberately choose exposures. Analyst estimates for S&P 500 equity earnings show increased dispersion, emphasizing the potential rewards for macro insight. Despite the adjustment to structurally higher inflation and policy rates, markets vary in their response. The uneven adjustment is highlighted by factors such as surging U.S. 10-year yields compared to relatively unchanged DM equity earnings yields. This adjustment is considered more critical than the possibility of a technical recession, warranting caution on broad exposures. The long-term risk of higher inflation increases if borrowing costs remain elevated, potentially surpassing spending on Medicare in the future. A rise in term premium and expectations of increased yield volatility led to a tactical neutral stance and a strategic underweight position in long-term U.S. Treasuries. The preferred strategic overweight is in inflation-linked bonds. Harnessing mega forces The concept of mega forces offers a strategic approach to steering portfolios, focusing on building blocks that go beyond traditional asset classes. These forces, seen as independent drivers of corporate profits, provide potential opportunities that may be uncorrelated with macro cycles. Mega forces, such as digital disruption and artificial intelligence (AI), are already reshaping markets, as demonstrated by the outperformance of U.S. tech compared to the broader market. The winners and losers in the mega forces landscape can influence tactical views, impacting stances on developed market equities even in less favorable macroeconomic conditions. Embracing mega forces is presented as a means for investors to outperform static allocations, leveraging the far-reaching consequences that create new investment opportunities. Examples include private credit filling the lending void due to capital pressures on banks, demographic shifts shaping production and growth limitations, and the emergence of climate resilience as an investment theme within the low-carbon transition. AI intelligence revolution Advances in computing hardware and deep learning have marked an inflection point for Artificial Intelligence (AI) since late 2022, with expectations of exponential progress in innovation. While tracking AI investment opportunities across geographies and sectors involves high uncertainty, a technology "stack" approach is suggested to assess these opportunities. The stack includes cloud infrastructure and chips as the foundational layer, followed by models, data, and data infrastructure, and finally, applications that harness innovation. The tech industry, particularly led by major tech firms, is seen pivoting toward AI, indicating the potential for an intelligence revolution. The current position is perceived to be between the first and second layers of the technology stack, with the last layer anticipated to follow. This shift has implications beyond near-term productivity gains. Early research suggests a positive correlation between increased AI patents and broad earnings growth, indicating rising economic value attributed to these patents. Despite uncertainties surrounding the future value of AI patents and their translation into profitable enterprises, there is an overweight recommendation on the AI theme in developed market stocks for the next six to twelve months. The tech sector's earnings resilience is expected to persist, serving as a significant driver of overall U.S. corporate profit growth in 2024. Investing in climate resilience The emphasis of this chapter is on helping investors navigate the risks and opportunities associated with the energy transition. Beyond renewables, traditional energy companies can also outperform, especially during supply-demand mismatches. While the energy transition often dominates headlines, a related and crucial investment theme is climate resilience. This involves preparing for, adapting to, and withstanding climate hazards, as well as rebuilding after climate damage. Climate resilience encompasses various solutions like early monitoring systems, air conditioning to address heatwaves, and retrofitting buildings for better weather resistance. Given the anticipated increase in climate damages, significant investment is required to enhance society's resilience. The economic impact of climate damages is growing rapidly, and there is a rising demand for products and services that contribute to climate resilience. This theme is identified as potentially becoming a mainstream investment theme over time. The three sub-themes within climate resilience—assessing and quantifying risks, managing risk, and rebuilding physical infrastructure—create a framework to identify opportunities across sectors (such as industrials and technology) and asset classes. Deepening fragmentation Cascading crises have accelerated global fragmentation and the emergence of competing geopolitical and economic blocs. Countries like Vietnam, Mexico, the Gulf states, India, and Brazil are seen as potential beneficiaries of supply chain diversification, establishing ties with multiple blocs, and possessing valuable resources. In this more competitive global landscape, a surge of investment in strategic sectors such as technology, energy, defense, and infrastructure is expected. Opportunities also exist in firms specializing in managing and reducing cybersecurity risks. Increased geopolitical risks stemming from conflicts in the Middle East, Russia-Ukraine tensions, and structural competition between the U.S. and China are acknowledged. The current global situation is characterized by the highest number of volatile situations in decades, according to the UN. The year 2024 is anticipated to be the biggest election year in history, with the U.S. and Taiwan elections deemed particularly significant. Navigating this new world order requires holistic portfolio strategies that aim to both seize opportunities and mitigate risks, rather than focusing solely on avoiding risks or positioning for specific events. Conclusion Our core conviction is that investors need to be more dynamic with portfolios in the new regime. The outlook for 2024 suggests that investors should take a proactive stance, avoiding autopilot investing. The advice is to be intentional in managing portfolio risk, with an expectation of deploying more risk over the next year.
NASDAQ:QQQ
by financialflagship