Comments on: /NQ & QQQ Backtesting The Trading Range From Below

By: thebeagle55

thebeagle55 — Wed, 26 Apr 2023 20:34:40 +0000

In reply to Jeff Vandenburgh. bizarre behavior for sure.. like you mentioned the overall /NQ did not do very well considering MSFT report..

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 26 Apr 2023 20:21:30 +0000

In reply to thebeagle55. No doubt! The single-stock risk has been catastrophic this earnings season. Meanwhile, staying short QQQ or SPY has been no problem, as breadth across all other sectors has deteriorated bigly.

By: thebeagle55

thebeagle55 — Wed, 26 Apr 2023 20:15:40 +0000

Im glad META wasnt my favorite short…yikes

By: rsotc

rsotc — Wed, 26 Apr 2023 14:28:53 +0000

In reply to rsotc. correction, short all 4

By: rsotc

rsotc — Wed, 26 Apr 2023 14:28:30 +0000

In reply to trade0039. Thx, I've been & still am short all 3 & added to GE yesterday as it put in a nice, fat bearish engulfing candlestick on the daily time frame.

By: trade0039

trade0039 — Wed, 26 Apr 2023 14:26:22 +0000

Hello Traders,

Just wanted to share this chart of AMBC. It seems as if it is forming a perfect Bear Flag and RR could be 1:5

Similar case can be made for TIPT, GE and MBI in terms of Risk to Reward. All are gr8 short setups!