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TQQQ

NDX to SPX ratio - tech wreck 2.0?Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the markets. I'm looking for some type of cycle trough in the markets in the next 2-3 months. While I seriously doubt it's going to be a lower low (than March low), it's not off the table. Cycle lows occur very quickly whereas cycle peaks roll & roll. March is a great example of just how quickly cycle troughs can occur. We witnessed the fastest & deepest drop in market history this year which proved to be a fantastic buying opportunity. Let's see what the markets offers next. Another correction in markets might be met with even more life-support from the Fed.
TVC:NDQ
by gghsusa
18
TQQQ Trading inside channelInitiated a short position here. Looking for 10% gain. Stop loss at 5%. 2-1 risk/reward ratio. Will be mainly using the pitchfork and as a visual guide, and using my macd signals for alerts. For the last 2 months, if you initiated short position at the upper band of the channel just after the (close long) alert signal, and closed short position at the first (open long) alert signal, then you would have 3 successful trades for about 10% profit each. If for some reason, the price breaks out of this pitchfork channel, then the strategy is voided. Profitable alert signals rely on heavy volatility, that's why I'm covering triple-leveraged ETF.
NASDAQ:TQQQShort
by bodeen88
TQQQ Target:[$100.00] Target Date:[07/01/2020] ROI:[38%]NASDAQ-100 INDEX The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. Last week, the Invesco QQQ Trust (QQQ) crossed the $100 billion in assets mark, joining three S&P 500-based ETFs and a total stock market offering from Vanguard. CFRA rates QQQ as a five-star diversified U.S. equity fund, believing it has a high probability of outperforming in the next nine months due to its low costs and high reward potential, despite slightly elevated risks. Exposure to the biotech sector which is poised to profit from therapeutics to treat the coronavirus and future pandemics. Analyst Ratings Firm Name____________Rating FactSet ________________A Ned Davis Research _____BUY XTF Inc. ___________10 out of 10 Morningstar, Inc.* ___ 5 out of 5 Zacks Research ______Strong Buy Top Holdings MSFT Microsoft Corp 11.92% AAPL Apple Inc 11.19% INTC Intel Corp 2.97% CSCO Cisco Systems Inc 2.11% NVDA Nvidia Corp 2.04% ADBE Adobe Inc 1.95% PYPL Paypal Holdings Inc 1.42% AVGO Broadcom Inc 1.19% TXN Texas Instruments Inc 1.18% QCOM Qualcomm Inc 0.98%
NASDAQ:TQQQLong
by jfs2152