QQQ continues to slog around aimlessly as we head into the typically low-volume, abbreviated Thanksgiving trading week which is about as good a time as any to take time off from trading due to the elevated chance of whipsaw signals. 15-minute chart below. /NQ (Nasdaq 100) is pinching towards the…
+7
Great trades Randy. You wanna probably look at $DPW. Solid break on the news that they will be installing EV chargers across all major fast food franchise networks.
https://www.businesswire.com/news/home/20201123005735/en/DPW-Holdings’-Coolisys®-Power-Electronics-Business-to-Test-ACECool™-EV-Chargers-Targeting-National-Fast-Food-Franchise-Networks
Wow ok I caught that 220% wave up with 120% return in a day. Entered at $3, added to position at $3.70. Either way I am thinking to hold it long term & let it ride.
Nice trade! How do you even find trades like this?
I usually collect tickers from multiple sources: 1. US movers (gainers) & PPO crossover scanner on Interactive Brokers. 2 Popular subreddits: investing, biotechplays, pennystocks, wallstreetbets 3 Stockcharts.com by industry chart lists, i.e recently I am watching the renewable energy stocks, looking for the ones that haven’t taken off yet. 4. Sometimes I look at 13Fs of prominent hedge funds. I like to look at Scion’s picks, they often have nice setups. That data is backward looking but some setups may still be well in tact. (See their recent trade on $MSGN in attachment, clearly went too far from their entry… Read more »
Nice one… Almost at 9$ now… You think it can still run and up to how much?
It hit $10.80 resistance. I have sold half of position at $9 and change. Then it got halted. I think the run is over for now & it’s time to take the money off the table. Update: well the order went through and I have closed my entire position now in about 300% gain or so.
Let us know if you about to buy again.. Good luck!
My opinion: it’s objective to buy back at ~$5.50 (big gap around that level), but I’d rather wait for the stock to consolidate & for momentum to turn around and daily chart to work out the overbought conditions. Catalysts are coming in Q1 2021, so it may as well be dead money until then.
As the rotation trade solidifies itself, I believe that QQQ will trade sloppily possibly for many months to come, while IWM continues in a cleaner uptrend. Wondering if you might throw the small cap index into your regular chart summaries, @rsotc ?
Concur with Jeff’s assessment.
Randy, do you take into account the cot report, seems like commercial traders are wildly bearish and non reportable wildly bullish. S&P500
4to1 short….! That’s massive! I’ve only seen before during xmas and February crash
@RSOTC – This feels like dot-com days. None of the valuation make any sense. A lot of Chinses penny stocks are trading over $20+. I would greatly appreciate if you point of some indicators the big-money/hedge-funds are watching. I know you have shared a put/call ratio charts before but are there any other info members should be watching additionally …
Hi Randy,
What app do you use for your watch list that shows volume buzz? Or is this also part of freestockcharts?
Hi Randy can you take a look at INTC. Thanks