Comments on: IEF Still In YELLOW ZONE, QQQ Gap Backfill https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/ Stock Trading, Investing & Market Analysis Fri, 07 Jun 2024 18:34:48 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30863 Fri, 16 Feb 2024 18:11:57 +0000 https://rightsideofthechart.com/?p=213428#comment-30863 In reply to trade0039.

Ahh.. NVDA; Another nice looking one setting up for a potential whopper short trade. Deserves its own post along with that SMCI @seasix mentioned above. Will post shortly.

]]> By: rsotc https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30856 Fri, 16 Feb 2024 14:48:33 +0000 https://rightsideofthechart.com/?p=213428#comment-30856 In reply to seasix.

Thx for pointing SMCI out. Wasn’t aware but I looks like a monster short coming up. I was going to wait for either a decent evidence of a reversal on the stock and/or the sell signals that I’m watching for on SPY, QQQ, META, & AMZN but decided to just take a starter short here at 1071 because it reeks of the final thrust of a blow-off top & I just love shorting parabolic runs like this. Will only add to my position on weakness (i.e.- gains on my position). Looking to see the stock cut by 2/3rds before I cover, at least as of now & if not stopped out.

]]> By: trade0039 https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30855 Fri, 16 Feb 2024 14:48:23 +0000 https://rightsideofthechart.com/?p=213428#comment-30855 How about some update on Semis SOXX? Next week we have earning for NVDA!

]]> By: rsotc https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30854 Fri, 16 Feb 2024 14:40:34 +0000 https://rightsideofthechart.com/?p=213428#comment-30854 another objective short entry or add-on here on this post opening backtest of the wedge + gap resistance

]]> By: seasix https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30853 Fri, 16 Feb 2024 13:14:36 +0000 https://rightsideofthechart.com/?p=213428#comment-30853 In reply to seasix.

this is unbelievable…

The Russell 2000 is up 34 points for the year.

$SMCI accounts for 26 points of that.

]]> By: seasix https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30852 Fri, 16 Feb 2024 12:23:38 +0000 https://rightsideofthechart.com/?p=213428#comment-30852 SMCI up 124 points yesterday, this morning up another 70 points. Not a time to be shorting anything. Who knows when this fever will break.

]]> By: william9in https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30851 Fri, 16 Feb 2024 01:51:03 +0000 https://rightsideofthechart.com/?p=213428#comment-30851 I’m in cash at the moment. SPX is looking toppy.

]]> By: rsotc https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30850 Thu, 15 Feb 2024 20:35:15 +0000 https://rightsideofthechart.com/?p=213428#comment-30850 QQQ 1st support level hit followed by the typical (and minor) reaction so far. Next (3rd) objective short entry here on this bounce off that level & near-backtest of the wedge and/or on a break below the 433.56 support.

]]> By: rsotc https://rightsideofthechart.com/ief-still-in-yellow-zone-qqq-gap-backfill/#comment-30849 Thu, 15 Feb 2024 20:07:16 +0000 https://rightsideofthechart.com/?p=213428#comment-30849 IWM update and chart from a reply I just made in the comments under the previous post (asking if I was covering my short on the $RUT):

https://rightsideofthechart.com/stock-market-magnificent-7-analysis-2-15-24/#comment-30848

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