Nasdaq 100 Index Tracking ETF
Here's an updated version of the phenomenon that I refer to as "The OpEx Ramp", which is the somewhat fairly consistent historical tendency of the market to rally into standard options expiration (the 3rd Friday of each month shown with the red vertical lines) with that rally typically followed by an equal or greater correctionusually [...]
QQQ (Nasdaq 100 Tracking ETF) will be added as an official, yet somewhat aggressive short trade in anticipation of a breakdown & likely gap below this minor uptrend line next week. The final target at this time is 121.82 (or the purple uptrend line, should that come in first if/when QQQ approaches the 122 area). [...]
A break & 60-minute close below this trendline/price channel on SPY in conjunction with a break below the comparable uptrend line on the 15-minute QQQ chart will likely be the catalyst for a move down to the 232 support level & ultimately beyond while a break & 60-minute close below this trendline also in conjunction [...]
This video makes the case for an impenitent correction in the US stock market most likely starting next week or possibly sooner. I also share a few trading strategies on how to capitalize on a potential swift pullback in the market while minimizing & quantifying downside risk (loss potential).
The near-term outlook for the US stock market via SPY, QQQ & IWM followed by analysis on GLD, GDX, UUP & several trade ideas including GILD, CARA & SMH.
On several occasions over the last several years I have published some indicators warning of pullbacks & corrections on both SPY & QQQ. These historically reliable indicators are triggered when trading volumes, using a moving average to filter out any out any potential whipsaw signals & help highlight a trend of falling trading volumes vs. [...]
This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.