QQQ trade ideas
part 1 QQQ & SPY & 7 Mega Cap Tech stockssupport and resistance guide QQQ & SPY & 7 Mega Cap Tech stocks
Pt 1. QQQ SPY & 7 Mega Cap Tech stocks Forecastsupport & resistance guide of QQQ SPY & 7 Mega Cap Tech stocks
QQQ Expected Growth! BUY!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 370.67
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 374.07
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
QQQ: Growth & Bullish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the QQQ pair which is likely to be pushed up by the bulls so we will buy!
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Those who can best manage uncertainty will be most successfulJim Simons about uncertainty:
"Don't rely on luck alone. Develop a systematic approach that accounts for uncertainty and seeks to capitalize on opportunities."
This quote highlights the importance of understanding and managing uncertainty in order to be successful in any field, including finance. Simons is a renowned mathematician and hedge fund manager who founded Renaissance Technologies, one of the most successful hedge funds in history. He is known for his quantitative approach to investing, which relies on rigorous statistical analysis and modeling to identify and exploit market inefficiencies.
This quote is a reminder that uncertainty is a fundamental part of the financial markets. There is no way to perfectly predict the future, so investors must develop strategies that can handle uncertainty and still generate profits. This can be done by developing a systematic approach to investing that takes into account the different sources of uncertainty and seeks to capitalize on opportunities when they arise.
Jim Simons also said:
"The market is a complex system, and it is impossible to predict with certainty what will happen in the future."
"The best way to deal with uncertainty is to embrace it and develop strategies that can handle it."
"Uncertainty is a source of opportunity, as well as risk. Those who can best manage uncertainty will be the most successful."
Yesterday's published trade idea:
On September 14, 2023, I recommended a non-directional strangle trade on the QQQ index, which is currently up 22% in less than one day. I believe that when implied volatility is rising, it is often more profitable to bet on volatility than on the direction of the market.
Implied volatility (IV) is a measure of how much uncertainty there is about the future price of an asset. It is calculated using the prices of options on that asset. The higher the implied volatility, the more uncertainty there is about the future price, and the more expensive options will be.
FOMC September 20,2023:
The Federal Open Market Committee (FOMC) is the committee of the Federal Reserve System that sets monetary policy for the United States. The FOMC meets eight times per year to discuss and decide on interest rates and other monetary policy measures.
The FOMC meetings are often followed by a spike in implied volatility, as investors try to gauge the impact of the meeting on the future direction of the market. This is because the FOMC meetings can have a significant impact on asset prices, and investors are uncertain about what the outcome of the meeting will be.
For example, if the FOMC decides to raise interest rates, this could lead to a sell-off in stocks, as investors become more risk-averse. This would increase implied volatility, as investors would be more uncertain about the future price of stocks.
Conversely, if the FOMC decides to keep interest rates unchanged, this could lead to a rally in stocks, as investors become more optimistic about the economic outlook. This would decrease implied volatility, as investors would be more certain about the future price of stocks.
In general, implied volatility tends to be higher around FOMC meetings, as investors are more uncertain about the impact of the meeting on asset prices. However, the correlation between implied volatility and FOMC meetings is not always perfect, and there are other factors that can also affect implied volatility, such as economic data releases and political events.
Here are some other factors that can affect implied volatility:
Economic data releases: When economic data releases are released, they can provide new information about the economy and the future direction of interest rates. This can lead to changes in implied volatility, as investors adjust their expectations for future market volatility.
Political events: Political events can also affect implied volatility, as they can create uncertainty about the future direction of the economy and interest rates. For example, a terrorist attack or a major political scandal could lead to an increase in implied volatility.
Technical factors: Technical factors, such as the level of trading volume and the price of the underlying asset, can also affect implied volatility. For example, if trading volume is high, this can lead to an increase in implied volatility, as investors are more willing to pay for options that protect them against unexpected price movements.
The Federal Reserve's economic projections are a set of forecasts for key economic variables, such as GDP growth, inflation, and unemployment. These projections are released eight times per year, following each FOMC meeting.
The correlation between implied volatility and the Federal Reserve's economic projections is not always clear-cut.
In general, implied volatility tends to be higher when the economic outlook is more uncertain. This is because investors are more likely to demand protection against unexpected price movements when they are less confident about the future.
After the cup, comes the handle.We've had a lot of symmetry forming this long-term cup. Hopefully it becomes a cup and handle and we're all happy.
Bulls enjoy euphoria of long-term ~to the moon~ mentality on the back end, and Michael Burry exits his short at the bottom of the handle ($340-360?).
Once we double top at $400 and complete the cup, we can get back to our long-term trendlines of support and resistance. The same once's we've had since 2009. I'm looking forward to the days of stability once again. Let's just hope it doesn't become a triple top once the FED starts loosening again.
Opening (IRA): QQQ November 17th 327 Short Put... for a 3.28 credit.
Comments: My weekly broad market short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.
QQQ Bulls and Bears Battle For Control at Key TrendlineOn July 24, I published an article about NASDAQ's special rebalancing. In this article I discussed that NASDAQ has significantly outperformed the stock market, and that the objective of the special rebalancing is to slow down NASDAQ's gains, which is bad news for NASDAQ investors.
Key White Trendline
There has been a significant white trendline for NASDAQ's price action that dates back to Nov. 2022.
This white trendline was initially acting as a resistance level (marked by red arrows), but has flipped to a support level in June (marked by green arrows).
The NASDAQ special rebalancing occurred in July, which was the peak of this multimonth NASDAQ rally.
Since the special rebalancing NASDAQ has dropped below the white trendline, and today NASDAQ bulls and bears are trying to fight for control at this white trendline (marked by the white circle). Bears want the trendline to act as resistance, and bulls want to push the price above the white trendline to make it support.
Key Long Term Price Target
The key longer term price target is QQQ's all-time high, which coincides with a resistance zone between $398.89 and $405.53.
9/13: QQQ CPI Trade IdeaLooks like QQQ has regained its downtrend after retracing all the way to the .707 area, which we rejected from on Monday. If the market can get one last push towards this $375 level, I think it should make a lower high and take us down further towards $369 and then $366. If it starts to fall I think it'd be hard to chase and would try to look for a different setup to play down to the levels or after the levels have hit.
"Exploring Tomorrow's QQQ Index Chart
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$QQQ Analysis to Nov '23: The trend is your friend.In 2023, the tech sector has been a hot topic for investors, like a financial sitcom.
Since reaching 2023 highs back in July, the Nasdaq 100 has been in a continuing downtrend. Despite stories and events coming out left and right, there remains a bullish sentiment fighting back.
Given such volatile conditions, I've found it to be most beneficial to maintain a "random walk" mindset while using trend and VPA tell me where we might go.
The current trend is leading us back to the median price zone (orange dotted line), however, there are many that believe we are in a macro cup and handle formation and are about to breach new highs.
There will be news stories pulling investors left and right daily, one day will be "buy everything!" while the next day could be "sell everything!". It is riskier to allow news to cloud and bias your strategy than to follow volume and price.
QQQ Bullish?Hey guys it’s Amir how are you.
I’ll keep it short
For now QQQ have cup and handle pattern (bullish flag either) so continue to watch it and let’s see how it’s plays
Invesco QQQ Trust ETF (NASDAQ: QQQ) - Long Term promisingThe Invesco QQQ Trust ETF, commonly referred to as QQQ, is one of the most widely traded and recognized exchange-traded funds (ETFs) in the world. It is designed to track the performance of the NASDAQ-100 Index, which consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Here are some key points about QQQ:
1. Technology and Growth Focus: QQQ is often associated with technology and growth stocks because many of the companies in its underlying index are leaders in the tech sector. This includes well-known companies like Apple, Amazon, Microsoft, and Facebook.
2. Diversification: While QQQ has a significant concentration in technology, it also includes companies from other sectors such as consumer discretionary, healthcare, and communication services. This provides investors with diversification across industries.
3. Performance: QQQ has historically delivered strong performance due to the growth of the technology sector. However, it can also be more volatile than broader market indices like the S&P 500 due to its focus on high-growth stocks.
4. Liquidity: QQQ is highly liquid, which means it can be easily bought or sold on the stock market, making it a popular choice for traders and investors.
5. Dividends: Unlike some other ETFs, QQQ does not pay regular dividends because many of the companies in its index reinvest their earnings for growth rather than distributing them as dividends. Investors in QQQ primarily seek capital appreciation.
6. Risk Considerations: QQQ's performance is closely tied to the technology sector, which can be subject to rapid changes and market sentiment. Investors should be aware of the potential for increased volatility.
7. Use as a Benchmark: Many investors and professionals use QQQ as a benchmark for measuring the performance of their portfolios, particularly those with a technology and growth focus.
8. Options Trading: QQQ is widely used for options trading strategies, offering various options contracts for investors looking to hedge their positions or generate additional income.
9. Tracking Error: While QQQ aims to closely track the NASDAQ-100 Index, there can be small discrepancies known as tracking error. This is normal for most ETFs and is a consideration for investors.
QQQ: Bullish Continuation
The recent price action on the QQQ pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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Does this look bearish?I see many posts around about a HS forming in the daily timeframe and waiting for a mayor correction. But when we switch over to the weekly timeframe the uptrend still strong and the bottom of the channel still a strong resistance. My bias will change if price breaks down the channel in the weekly timeframe and confirms it with another weekly candle. We may see another visit to the bottom of the channel but while price is trading within the channel I don't see any bear market.
$QQQ on 15min Falling WedgeNASDAQ:QQQ on 15min Falling Wedge
However, the 50day SMA on the 30min as seen is going to be tested depending on what time frame you like to use, it will matter.
Looking for stability for today.
Ranges:
NASDAQ:QQQ range for the day: $369-$373 as seen on the chart.
Part 1 of 7 Mega Cap Tech stocks | QQQ SPY Forecastsupport & resistance guide 7 Mega Cap Tech stocks | QQQ SPY Forecast
QQQ Technical Analysis: Ascending Triangular Channel In PlayKey Observations:
1. QQQ has been consistently forming an ascending triangular channel, which signifies potential upward momentum but also hints at a decisive move coming soon.
2. The crucial level to watch: $175 . This price point represents a significant decision zone for QQQ.
Possible Scenarios:
📈 Bullish Case : If QQQ manages to break and sustain above the $175 mark, it could indicate the continuation of its uptrend, validating the strength of the bullish momentum. This could lead to potential new highs and opportunities for long positions.
📉 Bearish Case : Conversely, if QQQ stays and trades below the $175 threshold, it may signal weakening bullish momentum and a potential change in trend. Traders might consider shorting opportunities or staying out until more bullish signals emerge.
Final Thoughts:
The ascending triangular channel is a powerful pattern, and combined with the $175 pivot point, it provides traders with a clear roadmap for the upcoming sessions. Always set appropriate stop-loss levels and trade responsibly.
Remember, always do your research and never trade based solely on someone else's analysis. Happy Trading! 🚀📈
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September 6th after hours qqqpossible trade for the downside. Watch to see if it fills the gap at 375. Or if it retraces below 374 , look for it to fill the fair value gaps at 370.
part 1 Stock Market QQQ SPY 7 MEGA cap Tech Forecastsupport and resistance guide part 2 Stock Market QQQ SPY 7 MEGA cap Tech Forecast
