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QQQ trade ideas

Expect elevated volatility, with sharp swings in both directionsBrace yourselves, investors, for a wild ride next week. Strap in for a one-two punch of market-moving events that could send stocks spinning like roulette wheels. In the red corner, we have the highly anticipated Federal Open Market Committee (FOMC) meeting on Wednesday, followed by Chair Jerome Powell's press conference. In the blue corner, a heavyweight lineup of earnings reports from five out of the seven FAANG megacap companies: Meta Platforms (formerly Facebook), Amazon, Apple, Microsoft , and Google parent Alphabet. FOMC Fireworks: Hawks anticipating aggressive moves could send stocks tumbling, while doves hoping for a dovish turn might bring a sigh of relief to the market. Powell's Punch: Chair Jerome Powell's post-meeting press conference will be scrutinized for any hawkish or dovish clues. His every word will be dissected, analyzed, and misinterpreted on repeat, potentially sparking short-term volatility as traders try to decipher the Fed's true intentions. Mega-Earnings Blitz: As if the FOMC wasn't enough, five of the tech titans that have propelled the market in recent years will be releasing their quarterly earnings. Any surprises (up or down) could trigger sharp swings in their individual stocks, sending ripples through the broader market. Volatility Forecast: News headlines will swing the pendulum, potentially creating buying and selling opportunities for nimble traders. But for long-term investors, it might be wise to adopt a "zen" approach and avoid knee-jerk reactions.Remember, the market is a roller coaster, not a rocket ship. It's all about staying calm, and weathering the storm. Stay Tuned: This is just a taste of the drama to come. Stay tuned next week for updates, analysis, and insights on how these key events unfold, shaping the market landscape in the weeks and months ahead. And remember, fasten your seatbelts, investors, it's gonna be a bumpy week. GOOGL: MSFT: AMZN: META: AAPL:
NASDAQ:QQQ
by Moshkelgosha
2
QQQ TRENDS AND PRICE TARGETS, HOW MANY Q's SHOULD ONE HAVE?Technicals RSI is overextending, however, a little cool down would reset the indicators and trigger buy signals across the board. Bears should be looking for an entry, but not entering yet. Plan out a trade. Bulls should be locking in profits and looking to buy the dip. There are two super short term trends that are taking the price up. They are both rejection trends, which are trending in the bullish direction, in other words, price is going up following those trends. There is a huge rejection trend labeled. There is a mega support trend labeled. There is a strong support trend labeled, which should likely trigger a buy signal should it fall to that support or possibly dip under for a brief period of time. Above 480 starts to increase risk. it can go higher to 500, and then possibly even to 600. 500 is way more likely than 600 on this run. short term, again, could use a cool down to like 393. I would suggest to wait for this cool down to enter expecting bullish movement. With price falling to multiple strong support lines, it is a favorable trade. Price can keep going up. Don't expect it to go down. But understand, if it does, you'll be prepared for that movement, and have a trade with a high potential of profit. If you miss out on a run because you were caution, simply wait for a rejection point and jump in short. Ride the wave down, then enter your long position. In other words, don't chase the movement, let the movement come to you, let it move past you, then ride the movement in your desired direction. Linking my other QQQ posts and SPY posts I usually don't TA these because I tend to trade the 3x leveraged (FNGU FNGD is one of my favorites), and I tend to get predictions wrong on these two. Will link some old ones talking about spy to 480 in the election year. MY MISTAKE was I thought the election year was 2023, so it was way off.
NASDAQ:QQQ
by nicktussing77
Bullish energy in QQQ target $420-23I'm getting a potential bottoming here and today is a date given on 1/2 for indexes. Lots of times there's a reversal on or around dates. Multiple times I get to avoid today completely, but tomorrow may be the entry long. The price of 398-99 comes in as a potential, but that includes premarket hours. The target numbers I dowsed were $422-23 and percent was 3.9%, which comes in around $420.80. The highs are really bad on that 2 hour chart as well and suggest high odds they hit stops there at a minimum (411-12). My intuition from awhile back said to sell in February. I'm working on that idea, but it will be over 10% easy on QQQ because I'm getting it'll be 11.6-7% down on SPX. I'll post new ideas when I'm done and after we have this move up. That's just a preview :)
NASDAQ:QQQLong
by JenRz
$QQQ 2024 downside price targets + timingIt's very tough to forecast price + time and get the exact timing and price targets correct. However, I'm going to attempt to do so. Over the next year, I expect NASDAQ:QQQ to fall somewhere between 35-50%. If the move that I'm expecting plays out, we'll be right around a 50% drawdown from the current levels. The chart attempts to forecast time and price levels that are important over the coming year (2024). Each grey box represents a price level that should get hit within that timeframe. Again, this is extremely hard to do accurately. Often I do these for myself just to try to anticipate large changes in trends, but I thought I'd share this publicly as it would be fun to follow along over the next year. Essentially what I'm forecasting is one more move up before the end of the year. It should happen before Christmas, but I'm allowing myself some extra time. Then Q1 should be extremely bearish for the markets with the largest leg down during that time. There are two scenarios that I'm looking at. Either we hit the lower targets all in one move $205-218, then bounce afterwards (this scenario would be the bottom), and we'd retest that lower range in Q4. Or, we hit $246-255 and then bounce into Q2 and fall further in Q4 marking the final bottom. Regardless of which one plays out, you'll want to buy equities in March/April and then again in October/November. Q2 and Q3 we should see a bounce where you'll likely want to take profits on the way up. Let's see if it plays out as anticipated.
NASDAQ:QQQShort
by benjihyam
7
Criteria to Become Bullish on TechMid-term I am expecting a move to higher highs - 418 minimum, but possibly as high as 430s. Near-term, however, there is still some risk for further downside to around 389 unless the following conditions are met: - Red funnel is overall selling pressure, orange is local selling pressure - Green funnel is overall buying pressure, blue is local buying pressure *Best case is green path/arrow = test of local selling pressure for resistance around 409, then pullback into the buying pressure zone (green funnel) ** Most likely case is black path/arrow = pullback directly into buying pressure zone around 401 – if that holds as support then it will continue up, need that test though to have stability *** Bearish case is red path/arrow = pullback into green funnel but doesn't find support (which would allow breakdown and continuation down along the red funnel Right now tech is in no mans land because it broke the selling pressure, but very rarely does it trade outside the red or green. If tech is going to make the expected move to new highs it needs to come back into the buying pressure zone so that it has majority buyers as it tests the resistance overhead at 407, 409, and 412.
NASDAQ:QQQ
by JerryManders
22
QQQ Stochastic Phase PlaneThis chart maps out the territories QQQ will trade in, I use stochastic analysis. I've included the results of the previous moves to show how accurate this method is. For a high level description: - the colored funnel extending from a peak or valley is the local territory price will trade in - the trajectories of the same color of a territory are the expected paths that create the territory, the circles are the highest probability levels price is expected to trade in a a given time (you can see these hit exactly on numerous occasions) - the boxes are target ranges for the respective move (color coded), thick boxes are target range 2. Target range 1 is always the expected scenario, with target range 2 being a lower probability scenario -------------------------------------------------------------------------------------------------------- QQQ has just made a legitimate breakout above 366 and is trading with respect to the parallel blue channel. Notice in the previous move price stays within channel, which is common except for big breakouts or breakdowns. Most Bullish Case : 408 by 1/2/2024 Conservative Bullish Case : 408 by 2/23/2024 ** In both bullish cases QQQ needs to trade above or inside the blue parallel channel - a break below that channel opens the door for a crash setup to 324 minimum These bullish cases still allow for a near-term pullback Minimum pullback : test of the upper blue channel for support MOST LIKELY PULLBACK : to a confluence target of 369 by 11/30/2023 (4-5% drop) --------------------------------------------------------------------------------------------------------- After this pullback there are 2 scenarios: 1) Continue higher to 400s in 2024 2) Bounce to make lower high and then drop to at least 340s in early 2024 ( this is the expected scenario ) The stock market is a stochastic process, so I'll share updates when necessary.
NASDAQ:QQQ
by JerryManders
11
The Trader's Toolkit: Building a Dynamic Trading JournalJoin us in this comprehensive tutorial as we walk through the essential process of building a personalized trading journal. Whether you're new to trading or aiming to elevate your strategies, this educational video empowers you with the knowledge of why building a trading journal is a critical step in your trading journey. Learn with us, and discover why a trading journal is a crucial addition to your trading toolkit.
NASDAQ:QQQEducation
by LeafAlgo
2
QQQ to 450QQQ broke all-time-highs and is looking to follow SPX into price discovery. I believe our irrational markets will lead us to a 450$ QQQ soon. OBV presses to a new region not seen before. I believe that investors are flocking to mag 7 since they have such huge cash positions to hedge their business activities. With interest rates higher for longer mag 7 looks to continue to outperform treasuries since they offer growth with a mote of the massive cash positions likely sitting in money market collecting over 5%.
NASDAQ:QQQLong
by Apollo_21mil
Opening (IRA): QQQ March 15th 380 Monied Covered Call... for a 371.81 debit. Comments: Buying stock and selling the -75 call against to emulate a 25 delta put that is defense-ready via roll of the short call. This is temporarily in lieu of what I ordinarily do in broad market, which is to target the <16 delta strike paying around 1% of the strike in credit and slightly more aggressive delta-wise. This only makes sense in a cash secured environment; on margin, you should probably do something else that is more buying power efficient (e.g., short put/take assignment/cover, Jade Lizard, short strangle, yada yada). 8.19 max profit on BPE of 371.81; 2.20% ROC at max; 1.10% at 50% max. Generally, I'll take profit at 50% max and/or roll out the short call on test to reduce cost basis further and improve my downside break even.
NASDAQ:QQQLong
by NaughtyPines
5
Quantum Leap with QQQQQQ Analysis - Tomorrow's Outlook Tomorrow's sky for QQQ appears a bit bullish in the forecast. The current trend is riding high, supported at around 401. For potential entry, set your sights on the 406.75 range. While gaps are uncertain, the overall trajectory suggests a positive vibe. Keep your stop losses tight, but in the words of market wisdom, let your winners enjoy the spotlight. I'm riding the QQQ wave, staying long above 401. Did You Know? Fun Fact: The "Q" in QQQ stands for "Quality. QQQ is an ETF that tracks the Nasdaq-100 Index, and the "Q" is a nod to the quality companies it represents. From tech giants to innovative disruptors, QQQ is a quality showcase in the stock market universe.
NASDAQ:QQQLong
by ImmaculateTony
Stock & Index Forecasts for 2024Hello again everyone! I did my SPY post for 2024 and I thought to myself, you know what would b e really cool and interesting to post and then revisit towards year end? Annual projections on the top traded stocks and indices. I threw BTCUSD in as well because, why not! Now I have some models on some of these, but in the interest of saving time and energy, the projections I will show here have been autofitted by R. There is not personal correction (I usually correct my stuff manually to ensure consistency). So take it all with a grain of salt, but it should be relatively insightful for the future. So let’s get into the annual outlooks of these stocks! Let’s kick it off with the Cult Classic, TSLA: TSLA has a mess of a trading history, so the results are pretty wide. This is pulling from the previous 8 years of trading data on TSLA. Model order is 0,1,0 . 📈 The Annual High for TSLA: 📈 80% Confidence it will be below $381.08 95% Confidence it will be below $451.27 📉 The Annual Lows for TSLA :📉 80% Confidence it will be above $115.88 95% Confidence it will be above 45.69 Thoughts: Really wide ranges and also a really big potential for this to get some serious gains or losses on the year based on its trading history. As I suspect the bullish thesis will likely continue ABSENT any major fundamental catalysts that dictate to the contrary, we have a great chance of seeing TSLA work its way towards that 381.08 target. Now the little Piggy McPiggerson NVDA: Based on the current trend over the past 8 years of trading history, most likely price for NVDA in 2024 is 562.85. 📈 The Annual High for NVDA: 📈 80% Confidence it will be below $676.63 95% Confidence it will be below $736.86 📉 The Annual Lows for NVDA: 📉 80% Confidence it will be above $449. 95% Confidence it will be above $388 Thoughts: If you are bullish on NVDA, ideal entry price is anything as close to 449 as we can get. If you are bearish, see if we can make It to that 562 and try to wait to see how close it can get to 600s. Personally, I am neutral and not an NVDA investor, so no major thoughts. META Based on the current trend over the past 8 years of trading history, most likely price for META in 2024 is 353.96. 📈 The Annual High for META: 📈 80% Confidence it will be below $464.89 95% Confidence it will be below $523.62 📉 The Annual Lows for META: 📉 80% Confidence it will be above $243.03 95% Confidence it will be above $184.30 Thoughts: Pretty neutral on META. If you are bullish, look for a move back towards 300/290. If bearish, it seems like now is your time to get in maybe. Do your own due diligence for this trainwreck of a stock :p. MSFT Based on the current trend over the past 8 years of trading history, most likely price for MSFT in 2024 is 421.31. 📈 The Annual High for MSFT: 📈 80% Confidence it will be below $489.41 95% Confidence it will be below $525.46 📉 The Annual Lows for MSFT: 📉 80% Confidence it will be above $353.21 95% Confidence it will be above $317.15 Thoughts: I was bearish on this but meh now. I own MSFT shares but not a lot, I am looking for the opportunity to add. Looking for it to come as close to 353.21 as possible. Plan is to add at 360 range, then 350 range. If we break below the 80% confidence at 353.21, no bueno. GOOG: Really boring stock but its included in like every major index as a leader so here you go: R seems to agree that GOOG is boring, with a stagnant projection for 2024. Based on the current trend over the past 8 years of trading history, most likely price for GOOG in 2024 is 140.93. 📈 The Annual High for GOOG: 📈 80% Confidence it will be below $176.10 95% Confidence it will be below $194.72 📉 The Annual Lows for GOOG: 📉 80% Confidence it will be above $105.76 95% Confidence it will be above $87.14 Thoughts: No thoughts on this one. Not a GOOG investor and not a stock I trade or follow fundamentals for. Do your due diligence as always! BA Of course, we need to include the best stock of all time, BA! I did a bit of manual adjustment for BA because the history is erratic and I care very much about these forecasts as a BA investor myself. Based on the current trend over the past 10 years of trading history, most likely price for BA in 2024 is 260.66. 📉 The Annual High for BA: 📉 80% Confidence it will be below $381.93 95% Confidence it will be below $446.12 📉 The Annual Lows for BA: 📉 80% Confidence it will be above $139.39 95% Confidence it will be above $75.20 Thoughts: I am looking for this to retrace even 200 and buy buy BUY!! And those are about all of my thoughts on BA :p. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 NIFTY Based on the current trend over the past 10 years of trading history, most likely price for NFTY in 2024 is 23,624.65. 📈 The Annual High for NIFTY: 📈 80% Confidence it will be below $ 26444.4 95% Confidence it will be below $27937.08 📉 The Annual Lows for NIFTY: 📉 80% Confidence it will be above $20804.9 95% Confidence it will be above $19312.21 Thoughts: I have never traded or tracked this, so no opinion here. Do your due diligence on this one! QQQ Based on the current trend over the past 10 years of trading history, most likely price for QQQ in 2024 is 450.85. 📈 The Annual High for QQQ: 📈 80% Confidence it will be below $ 523.76 95% Confidence it will be below $562.36 📉 The Annual Lows for QQQ: 📉 80% Confidence it will be above $377.94 95% Confidence it will be above $339.34 Thoughts: I am generally bullish on tech, but I suspect it needs a bit of a deeper correction into the beginning of 2024. IWM Based on the current trend over the past 10 years of trading history, most likely price for IWM in 2024 is 200.71. 📈 The Annual High for IWM: 📈 80% Confidence it will be below $ 251.45 95% Confidence it will be below $278.31 📉 The Annual Lows for IWM: 📉 80% Confidence it will be above $149.97 95% Confidence it will be above $123.11 Thoughts: I am bullish on IWM and small caps. I think there is great potential for them to lead the next bull run owning to their underperformance since inception. I think it is an index worth paying attention to in 2024. XBI Based on the current trend over the past 10 years of trading history, most likely price for XBI in 2024 is 89.37. 📈 The Annual High for XBI: 📈 80% Confidence it will be below $127.40 95% Confidence it will be below $147.54 📉 The Annual Lows for XBI: 📉 80% Confidence it will be above $51.33 95% Confidence it will be above $31.20 Thoughts: Healthcare and biotech are perpetual underperformers. Perhaps next year we will see the season of healthcare, though there is no catalyst for such an event. Neutral on all Healthcare and Biotech. BTCUSD Based on the current trend over the past 10 years of trading history, most likely price for BTC in 2024 is 42305.88. 📈 The Annual High for BTC: 📈 80% Confidence it will be below $60,744.85 95% Confidence it will be below $70,505.85 📉 The Annual Lows for BTC: 📉 80% Confidence it will be above $23,866.9 95% Confidence it will be above $14,105.90 Thoughts: I am still holding ADA. Generally neutral to bullish on Crypto. There is a lot of potential upside for BTC this year, since the 80% confidence is at 60 K. If we continue with a bull thesis, I think there is a good chance we work towards that 80% confidence level target. Conclusion Those are the projections and my thoughts. Hope you enjoyed and find the information useful! Safe trades and a happy new year, may your 2024 be green and prosperous! 💰💰💰💰💰💰💰
NASDAQ:QQQ
by Steversteves
9
QQQ Under Pressure! SELL! My dear friends, QQQ looks like it will make a good move, and here are the details: The market is trading on 421.23 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 403.51 Recommended Stop Loss - 430.34 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2