TQQQ downI see us going down to around 43. With Twitter, Facebook are way over bought, I see us hitting the 43-44 zone Monday then making a jump up to 46 afterwards.
TQQQ trade ideas
TQQQ Performance Inverse to VolumeTQQQ has a history of its performance trending in the opposite direction from volume. This is a daily chart. Thoughts on using it as an indicator?
TQQQ resistanceWatching this fib and downslope resistance... Let's see if it can hold. Posting for future analysis.
TQQQ hit my target low. Now I think we are going up.Those of you who saw my chart before perhaps bought TQQQ at $52.50, my target buy price, which should mean you are sitting very pretty right about now even through this short term market indecision. The bounce from this morning obviously didn't last, but the fast that corporate earnings are putting some positive pressure onto the market is a very good thing. I think we are headed much higher in the short term, especially considering Brexit deal coming to a close and concern over the U.S. China trade war is relaxing. I think the support level of 52.50 is fairly strong.
I see a short term bounce here.This maybe the start of wave 5. I see some bullish divergence on the MACD chart, which I first noticed yesterday. I think I mentioned it in a previous post. The price is going down, but MACD is going up. This is typically following by a sharp upward price movement which we saw today. The late day rally confirmed in my mind that others also view the recent dip as a bit overdone. We have earnings season kicking off today and JP Morgan posted good results, so FANG should have a bounce before there is any real threat of a recession. Now, if the Fed starts lowering interest rates, then maybe people should worry. But the economy is strong and profits should continue to fuel growth in the U.S.
TQQQ Buy the DIP. TQQQ sell off has created a great opportunity for longterm buyers in a leveraged (geared) etf 3x bull fund technology. May take 2 weeks for the stock to settle down before momentum rushes in to push technology back up. I'll be expecting new highs in January 2019.
TQQQ still has room to drop.MACD Line just turned negative one the 1D chart, which it hasn't done since March. Bond prices are soaring out of nowhere as the fed continues to raise rates. Yes, the economy is booming, but I think we are seeing the autumn slump here. Buying these loftily-priced FAANG stocks does not have a good R/R ratio. There will be a great buy opportunity coming soon. This is just the kind of volatility boost the market needed in order to move forward in a positive direction.
What do y'all suggest for swing buying hereThis is really a question... But I can't post due to lack of REP
TQQQ (US tech Triple leveraged ETF)- Healthy predicable UpTrendPink UpTrend Line- 2009-2015.
2015- Sideways trading.
Red UpTrend Line 2016-Present day.
Oh the virtue of leveraged ETF during a bull market!! Nasdaq100 (NDX) Vs ROM (Double leveraged US tech ETF) Vs TQQQ (Triple Leveraged US Tech ETF).
To all the naysayers.. that leveraged ETFs don't track their underlying index by the amount they're leveraged to. Look at the following long term chart. In a bull market, they more than adequately do!!
NDX- x3 return since march 2010
ROM- x8 returns since march 2010
TQQQ- x33 returns since march 2010
"Ball" market! Some creative wealthy institutions created a "BALLs and PENNIS" pattern :D, which is about to ejaculate in some direction.
