NAQ trade ideas
Information consume attention I]n an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it. (Simon 1971, pp. 40–41) Wikipedia
― Herbert Simon
Are we not living in an excessive abundant of information overflow today ? The depth and breadth of information that one can find on any topic online is beyond one's imagination. And as in trading, things have also evolved compared to 20 years ago.
We have now more indicators than before, more robot trading systems that you can think of and more ways to dissect the information available. Is this good or bad ? I think it is good for those who wants to have more information to help them understand at different levels. Imo, I think it can be way too much to use or rather been thrown at you when you used this information for trading/investment. It not only takes away your attention, leading you to rabbit holes that you are not supposed to go to. You end up miles away from your intended purpose and possibly may trade other products as well.
That explains why I have given up on all other indicators like RSI, MACD, Stochastic , Bollinger, Moving averages, Volume, so on and so forth. Just these few alone drawn on a chart can elicit confusing messages and thus it paralyse my thinking, make me more fearful of trading as if I need more certainty and more confirmation each time.
No matter how we slice or dice the game of trading, it is nothing but a game of probability. Till now, there are two camps, the bulls who believe all bad news are already factored in and the stock market fuelled by fiscal and monetary policies are ready to soar again. There is no turning back as evidenced on the chart.
The bears , however felt that the disappointing and bad data like jobless claims , declining GDP growth, recessionary pressure, bankruptcy, etc are brewing into a storm and will hit the market soon. That means, this reversal we are seeing now is nothing but a dead cat bounce.
Only time will prove who's right ! As of now, the bulls are winning as we see no stopping of the ferocious bulls charging up and up, much to the delight of the buyers and disappointment of the sellers.
Then, we have analysts that compare charts to the 1930's and also others who quote different indicators to show the resistance and so on. Tons of information are found online and constantly updated.
You , as a trader must draw a line and decide how much is enough before you use whatever available information you have and make a decision out of it.
In my case, it is the same old techniques I have used over the past years - trend lines, support and resistance, price action. Even this alone, I need more practice to truly master it and be good at it.
And like I have said quite a lot on my posting as well is the psychology of trading that is the hidden enemy. Not the jobless claims or President Trump tweets. Those are external circumstances.
The rules are crystal clear but the person executing the rules is a human being and he has emotions. And this emotions can run havoc on some days and mess up your trading game. In some way, I was lead or mislead to think the recovery is fake and probably a dead cat bounce (only time will tell) so I gather more and more information to justify to myself that I am right.
This is where I flout my own rules of trading. Just because I have been doing it daily does not mean I will not make mistakes. In fact, complacency sets in and the need to be cautious and trade according to the rules (simple rules) are taken for granted and the smart aleck in me would want to bend the rules. We think we are better , we know the rules well and want to control it. We end up with losses, painful lessons and a bruised ego.
Like Ray Dalio said, we need pain and reflection in order to progress. I am thankful to TV for creating this platform which allows me to reflect my thoughts in a naked way and allow criticism and feedbacks for checks and balance.
In this chart and it would be the same for DJI and SPX500, we are reaching the level where the price fell hard. In this case, it is 116.73. That means, if you have bought at the bottom or near bottom, watch out for the resistance, take some profits and watch closely.
For those who are late into the buying, I suggest you to be careful if you want to trade, perhaps 1H or 15 mins chart for a short run up. Short sellers will be awaiting at this level to bring the house down. Next week will be exciting , let's see how it turns out !
NASDAQ – A good, technical trend.After NDAQ triggered this Head & Shoulders, the target of this pattern is the 116.19 (green line). Now, we see a pullback, and today the price met the 21 ema and formed a harami / hammer. It is very good, and if triggered could be a very good, quick trade, with a clear stop and nice risk/gain relationship.
I wish it would sink a little lower, to 100 point region (blue line), because it served as support and resistance alike in the past (green squares). But we should work with we got. The low volume of today’s candle is a little disturbing, so, keep your eyes open.
The hourly chart gives us more clues about what’s next. There are two supports here, the red line and the blue line (which is the same from the daily chart). If it goes down that region, the pullback will continue a little further.
1H chart:
We can also see a double bottom here (Eve & Eve double bottom), that could take the price easily to 111. The setup here is simple: If the price breakout the 106, and the candle closes above, it is a long trade. This pattern has 66% chances of a pullback rate, so prepare yourself.
If it helped you, support the idea and follow me for more analysis.
Thank you. Good trades.
Next weeks Game PlanWith Oil and stocks making major moves ,not only are we forced to look for opportunity but the markets are begging us to step up to the opportunity.
Nasdaq Bloodbath.All overvalued Companies are coming back to reality.
April, 2023 $6ish... I could be crazy or a genius. Time will tell.
NASDAQ FUTURE PROJECTION *UPDATE #2*NASDAQ:NDAQ Seeing drop next week, possibly starting Monday. Drop of around three days (-61 degrees (~negative 5%) in three days vs ~ approx. -70 degree drop (or approx. 35%) in 12 trading days (3/5-3/23). May increase hedge short-term for such period. Longer term projection remains bullish until 101 level is breached to the downside.
Short NASD Long VIXI painted what a stable recovery would have looked like using historical ghost bars, this was simply too sharp and all indicators now suggest overbought and a return to moving average is needed, however I am going to show how the market seems to be anticipating this move visible through VIX in my next chart.
NASDAQ to 108-110 then downBulls like Nasdaq stocks so, I expect this to see a pop and come Friday bearish sentiment will take over. FANG is leading indicator for Nasdaq and that is a leading indicator for S&P. FANG took off Nasdaq will follow and people will realize they are over bought and sell off will occur.
Grubhub long?Possible long opportunity on grubhub,
Price can be seen to be trending along Fibonacci spiral
A bottom will be reached soon once strong support level is hit
Included bullish nasdaq TA outlook, however beyond TA is quite bearish..
NASDAQ Rising wedge is very bearish contrary to Fed and mediaWith TSLA printing one of the largest bubbles in recent times, I can't help but think that when it popps it will bring the next wave down in marketwide selling. I choose not to believe in all of the hype with the Fed and stimulus funds. I try to look at it in a way in terms of how they could best deceive society with media and hope and ultimately pull the rug.
Please share your opinions. Only having our own opinions doesn't help us grow, thanks in advance everyone.
Baidu and the NasdaqBaidu looks bullish with the formation of a broadening wedge
Nasdaq looks bullish with broadening wedge in play, very long timeframe for the nasdaq. I know i made a BEARISH chart for nasdaq recently but long term new investors will see returns
Going purely off TA no global uncertainty
NASDAQ INC Trading Analysis & ForecastTraders, this my analysis on Nasdaq Inc stock. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Medium to long term downtrend?This is not financial advice and is for educational purposes.
Looking at Fibbonacci levels over the medium term, I was originally expecting retracement to 38.2. However, now we are approaching 61.8 levels. I suspect we won't break that resistance, and NDAQ will continue to fall lower given the high VIX, the RSI trending towards overbought (not on the chart), and generally the macroeconomics moving forward. I also don't feel that the social distancing guideline extensions have been priced in. Thoughts?
Nasdaq - why I wouldn't buy hereAs can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
A market can go below 55 in long to medium term safe trading there are chances that the market can crash upto 50 after pull back of 90-95 safe to enter please never be in buy position of any stocks till correction completes.
Warren Buffet says the TECH bubble just popped! This is years and years of cheap interest rates, building a business on debt. Never paying that debt back and saving for a rainy day, instead Gambling with your profits and buying your stock back to give the CEO bonuses and have shares to pay the lobbyist and Politicians who paved to way to prosperity on the backs of the taxpayers! They will bail all affected industries but it will not work this time. This is the reset! This is why I have been 100% BITCOIN for years! I will be back in the stock market in 2023!
