ETF Trading – A Look at QQQQ

No stock trades here today.  We’re waiting on a pullback in oil and the effect on USO and SCO.  See my post from yesterday.

Just when you think a stock looks overbought, it goes higher still.  QQQQ defies logic.  And who says markets aren’t a reflection of emotion?!

90724 qqqq

90724 uso

90724 sco

Trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

Blog Traffic Exchange

Related Posts
  • 11/07 - ETF Trading - No Trades Today Our short trade entry signal for FXI failed to trigger on Friday. FXI and the broader market worked off it's over-bought condition with Friday's sell-off - see the updated chart for SPY below. Our etf trading signals are now weighted toward shorting etfs since SPY and other index etfs are......
  • 02/03 - ETF Trading - Gains on SPY, SSO Markets closed higher still yesterday and triggered our exit signals for SPY and SSO. We gained 2.12% on SPY and 4.18% on SSO. Our exit signals were triggered when the etf price moved higher than it's MA(5), or - for the larger gain - when the RSI(2) moved above 70.......
  • 05/19 - ETF Trading - EWG EWG closed higher yesterday, but not enough to trigger our exit signals. An updated stock chart is posted below. Our exit signals for EWG are triggered when the etf closing price is greater than it's 5 day moving average, or - for a potentially larger gain - when the RSI......
Blog Traffic Exchange

Related Websites
  • How To Conquer The World For Fun And Profit Regular readers already know my penchant for collecting Napoleon I era gold coins. Just like Napoleon Bonaparte, I too harbor a secret desire to conquer the world. But unlike Napoleon (or George W. Bush for that matter) I don't want to invade them. I want to prosper by investing in......
  • Great Debates: ETFs vs. Index Funds It's been a while since I've done any Great Debates; for all the disagreement and squabbling about individual investments and the direction of the country that you hear, there's a surprising amount of uniformity as to what constitutes sound investment advice. Invest early, invest often, don't spend too much time......
  • Do You Know Your Congressman's Position on the STOCK Act? Want a surefire way to piss off your Congress persons? First, ask if he/she had any short positions during the market crash. Congress had multiple short sellers in their midst, and since Congressional leaders have little to nothing forcing them to disclose their personal investments, identifying the hypocrites would be......