Comments on: QQQ & SPY Pre-Market Analysis

By: DEA

DEA — Tue, 07 Apr 2020 13:22:30 +0000

In reply to bransth. To infinity and beyond.

By: dayoub

dayoub — Mon, 06 Apr 2020 23:48:26 +0000

In reply to stocher. look at his completed trades, he did stop out

By: stocher

stocher — Mon, 06 Apr 2020 21:13:48 +0000

Stopped out of QQQ short today?

By: TJS

TJS — Mon, 06 Apr 2020 19:44:08 +0000

In reply to Monkeemantrader. How great would that be, LOL.

By: Monkeemantrader

Monkeemantrader — Mon, 06 Apr 2020 19:03:16 +0000

@rstc
Bear Flag on the SPY Daily?

By: Ken

Ken — Mon, 06 Apr 2020 18:43:33 +0000

In reply to rsotc. What should we make of this? Trying to learn. Please reply at your earliest convenience. Thanks.

By: rsotc

rsotc — Mon, 06 Apr 2020 18:36:58 +0000

In reply to stockninja.

http://markets.cboe.com/us/options/market_statistics/current/?mkt=cone

By: rsotc

rsotc — Mon, 06 Apr 2020 18:32:19 +0000

In reply to RonkoTonko. Actually, SSG (2x short semi-conductor ETF) is the official proxy for the short on the semis although I've also been posting & covering the charts of SOXX recently as well. SOXX has rallied into the 212.50ish R level which has capped all advances since the recent lows & was also support on the way day on March 9th, 10th & 11th. Should SOXX clear 213, next R level around 220.34 with the 200-day EMA coming in around that level as well.

By: rsotc

rsotc — Mon, 06 Apr 2020 18:27:50 +0000

In reply to G-Trader. Yes, I suspect this rally will be faded by Wednesday, possibly sooner. Looks & feels like nothing more than one a many bear market rallies over the past couple of months with many stocks & sectors rallying up to or near some pretty decent resistance levels.

By: gthompson333

gthompson333 — Mon, 06 Apr 2020 17:08:46 +0000

In reply to mattyp.

Ja. People hoot and holler and jump up and down when the market is going as exactly predicted. But, when things go a bit sideways, people have no patience, and get all stressed out. People need to relax, and have a little patience. Just like the GnR song “Patience”.

https://www.youtube.com/watch?v=99D2BuA5EyI