On watch for a breakdown below all of these 60-minute uptrends lines on these leading stocks (AAPL, GOOG, MSFT, AMZN & FB) of the leading index (QQQ/Nasdaq 100) as that will most likely trigger the aforementioned sell signals that on watching for on the 60-minute charts of SPY, QQQ & IWM.
This is the second of two videos covering long (bullish) trade setups. The following stocks are discussed in this order: RTK, FRO, RIG, RRGB, ENLC, ENLK, DB, FXCM, TIF, POT, MOS, COP, LL, IPI, POT.TO, SSI, GAZ & UNG. (all unofficial trade ideas at this time).
The longer these divergences & overbought conditions extend, the more powerful the correction is likely to be once it comes. Despite the recent resiliency in the broad markets, it still appears that the R/R is very much skewed to the downside vs. upside from here. 110.70 is my minimum & preferred downside target on QQQ [...]
This video covers about a dozen short trade setups. These are unofficial trade ideas at this time for those looking for additional bearish trade setups beyond the official trade setups currently listed on Right Side Of The Chart.
The first of two videos covering various potentially bullish trade setups with both swing trades & longer-term investment candidates. Please log in or sign up for your free 3-week trial to view.
I've seen this movie before & the ending is always the same: Near vertical rallies terminating with overbought readings on the RSI immeidately followed by a bearish crossover on the MACD typically results in an equally sharp move to the downside. QQQ daily August 8th
The following notes & charts discuss the entry criteria, suggested stop & price target for a trade in XBI (biotech ETF) or LABU (3x bullish biotech ETF). Please log in or sign up for your free 3-week trial to view.