Comments on: QQQ Swing Trade Idea https://rightsideofthechart.com/qqq-swing-trade-idea-8/ Stock Trading, Investing & Market Analysis Mon, 02 Mar 2020 16:50:06 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9989 Mon, 02 Mar 2020 16:50:06 +0000 https://rightsideofthechart.com/?p=196130#comment-9989 In reply to jwconk.

This was/is a swing trade & I expected that it wouldn’t hit the first target on Friday, rather it would have to be held over the weekend. The fact that QQQ undercut the 200-day EMA on Friday but then reversed & closed solidly back above it was a bullish development that gave me more confidence that we would see more upside today (Monday).

]]> By: rsotc https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9987 Mon, 02 Mar 2020 16:47:55 +0000 https://rightsideofthechart.com/?p=196130#comment-9987 In reply to wunnakoko.

At this point, I would set/raise a stop on /NQ to no lower than 8350 & preferably likely higher as /NQ is now approaching T1 (8700).

]]> By: rsotc https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9986 Mon, 02 Mar 2020 16:45:44 +0000 https://rightsideofthechart.com/?p=196130#comment-9986 In reply to ds2000.

I just saw your question but I expanded on my rationale for going long QQQ on Friday in this video that was just published today: https://rightsideofthechart.com/stock-market-crude-oil-analysis-3-2-20/

]]> By: jwconk https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9970 Fri, 28 Feb 2020 21:17:06 +0000 https://rightsideofthechart.com/?p=196130#comment-9970 In reply to jwconk.

I held my QQQ long into the close…

]]> By: cpva426 https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9969 Fri, 28 Feb 2020 21:09:31 +0000 https://rightsideofthechart.com/?p=196130#comment-9969 In reply to ds2000.

The sell off started after FED’s wait and watch comments last week and today changed the stance to “use appropriate tools” and the snap back rally seems to have started. In other words, market made or is making the case for “rate cut”

]]> By: ds2000 https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9967 Fri, 28 Feb 2020 19:47:31 +0000 https://rightsideofthechart.com/?p=196130#comment-9967 In reply to chuynh88.

The FED saved you. Let’s hope it holds.

]]> By: chuynh88 https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9966 Fri, 28 Feb 2020 19:39:19 +0000 https://rightsideofthechart.com/?p=196130#comment-9966 In reply to jwconk.

They almost got us, just 16 cent away from our stop

]]> By: jwconk https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9965 Fri, 28 Feb 2020 18:40:41 +0000 https://rightsideofthechart.com/?p=196130#comment-9965 Randy: looks like we wont get stopped out today. What are your thoughts for book gains end of day vs hold over the weekend?

]]> By: chrisneal https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9963 Fri, 28 Feb 2020 17:29:43 +0000 https://rightsideofthechart.com/?p=196130#comment-9963 In reply to Flanny3.

I feel numbed enough to see orderly distribution, but then I see we’re in the worst weekly ES bar since OCT 2008. What will panic look like if this is order?

eta: of course worst to longs only

]]> By: wunnakoko https://rightsideofthechart.com/qqq-swing-trade-idea-8/#comment-9962 Fri, 28 Feb 2020 17:11:48 +0000 https://rightsideofthechart.com/?p=196130#comment-9962 @rsotc – Can you give me NQ equivalent of suggested stop?

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