Posts Tagged ‘qqqq’

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?!

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.

• 02/02 - ETF Trading - EWH, EWZ, SPY, SSO Markets closed higher yesterday and triggered our exit signals for EWH and EWZ - unfortunately for us, at a loss. We still have full trading positions or SPY and/or SSO. Should the market move higher today, we will be able to take our gains! Our exit signals are triggered when......
• ETF Trading - GLD, FXE Nice - GLD and FXE moved higher still on Friday! You took your stock trading gains based on the exit strategies found in High Probability ETF Trading.  You doubled your take on gold if you chose to trade UGL! Let's patiently wait on a market pull-back for more profit taking......
• 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.......

• 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......
• Easy Ways to Increase Organic Visitors to Your Corporate Blog In many people’s opinion, organic traffic is the best. It’s free, it’s targeted and nine times out of ten, you’ll get a much better response, whether it’s for a company promotion, getting readers to your blog and building up solid relationships. Let’s take a look at just a few easy......
• 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......

ETF Trading – USO, SCO, DIA, QQQQ

Oil continued to move higher yesterday and so did USO . Perhaps you took an initial short position. Short a second position at the end of the day should it close higher again. Otherwise, take your gains should the closing price move below it’s 5 day moving average.

As I mentioned yesterday, you can also short USO by taking a long position in SCO. SCO seeks to replicate, net of expenses, twice the inverse daily performance of the Dow Jones AIG Crude Oil Sub-Index.

I’ve posted the charts for DIA and QQQQ. Boy, this market sure looks overbought! Notice the high RSI(2) readings.

These 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.

• ETF Trading - USO, UCO, EWT Oil retreated yesterday, and we took our initial position in USO and/or UCO. Should these etfs close lower today, take a second position. All etf trades are at the market close. Consider taking a position in EWT should it close lower today. The iShares MSCI Taiwan Index Fund (EWT) seeks......
• 07/14 - ETF Trading - XLU, SDP, SPY, SDS We have a full short trading position in XLU and we're just waiting for a stock market sell-off to trigger our etf exit signals. The inverse leveraged etf trade is in SDP. We also have a full short trading position in SPY. A stock market sell-off will trigger our etf......
• ETF Trading - TIP, GLD, FXE Nice move on TIP, yesterday. You took your gains on the close after holding the etf for just 2 days! GLD and FXE moved higher yesterday. You should be into one long unit if you're trading these etfs. Wait to take your gains on the exit strategies found in High......

• A Primer For The Stock Market Trader Interested In Trading Options Because of their reputation of being a high-risk speculation, trading options may not appeal to many who are new to trading in the stock market. However, the person who understands the stock market and is able to make profitable decisions in trading stocks should be a good candidate to speculate......
• How to deal with Debt Collectors One of the more embarrassing and frightening things that can happen to someone in the area of personal finance is to be contacted by a debt collector. During this time of economic uncertainty, more and more people are finding themselves faced with this situation. With rising food and utility prices,......
• 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......