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3x Short Nasdaq 100 Index Tracking ETF

SQQQ Swing Trade Idea

The potential negative divergences highlighted yesterday on the 60-minute charts of NQ (Nasdaq 100 E-mini futures) have now been confirmed via a bearish crossover on the PPO with confirmation (via a bearish PPO cross) still pending, but highly likely, on QQQ. As I still favor a correction to at least the 7163 level & possibly as low as the 7010 level on NQ & with comparable price targets of 173.50 and 169.70 on QQQ, SQQQ (3x bearish Nasdaq 100 ETF) will be added as an Active Short Trade around current levels (~12.49). SQQQ 60-min July 13th The [...]

2018-07-13T10:29:26+00:00Jul 13, 2018 10:29am|Categories: Active Trades - Short, Short Setups|Tags: |8 Comments

Using Index Short ETFs In Your Trading & Investing

This video discusses the benefits of incorporating the use of inverse or "short" ETFs that track the major US stock indexes into your trading & investing. The pros & cons of using leveraged vs. non-leveraged ETFs are also covered along with the most liquid inverse ETFs commonly used as either a pure-play short on the stock market or as a hedge to an existing portfolio of long positions. Additional information on leveraged as well as non-leveraged ETFs can be found on the FAQ page under the  ETF Related Questions subsection. playback speed can be increased in the settings to reduce video [...]

2018-03-16T15:25:28+00:00Mar 16, 2018 2:43pm|Categories: Trading Tips|Tags: , , , , , , , , |1 Comment

QQQ Pullback Likely

QQQ is likely headed to one or more of the horizontal lines below following the break & backtest of the 5 minute uptrend line after failing to surmount solid resistance (on the daily charts). I just took SQQQ (3x short QQQ) long which I plan to close out by the end of day with a stop over today's high. Undecided yeton which support level I will book profits on (if not stopped out) but regardless, this trade has about 30 cents downside risk with a minimum profit potential of over 1.70 (a 5.7:1 R/R). QQQ 5 minute 2 Aug 28th [...]

2017-03-08T21:20:19+00:00Aug 28, 2015 1:39pm|Categories: Equity Market Analysis|Tags: , |Comments Off on QQQ Pullback Likely

QQQ Final Short-term Target Hit, Swing Target Remains 100.09

The 60 minute near-term target, T2 at 105.33, has now been hit. T1 at 100.09 remains preferred swing target on the daily chart. As stated yesterday, my expectation is that the selling will continue to accelerate in the coming days. I had also recently mentioned that my expectation was that the T1 level will be reached on or around April 23rd, which is where the 100 horizontal support level and uptrend line intersect. To be more accurate, I should have stated that my expectation for T1, which was actually listed as the first of the uptrend line OR the 100.09 level, [...]

2017-03-08T21:20:36+00:00Mar 11, 2015 2:17pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Final Short-term Target Hit, Swing Target Remains 100.09

SQQQ/QQQ Comes With A Penny Of Final Near-term Target, Daily Swing Target Reiterated

QQQ hit a low of 105.34 just over an hour after the open today, missing the 60 minute T2 level by a mere penny. With the near-tag of support & bullish divergences on the 5 minute time frame, the Q's could possibly move to as high as the 107 area (gap resistance) before taken out today's LOD and ultimately continuing down to the daily T1 level although I favor one more thrust lower today which should bring the Q's & SQQQ to at least that final near-term target (T2 at 105.33). I also wanted to reiterate that T1 on the daily [...]

2015-03-11T11:51:35+00:00Mar 11, 2015 11:51am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on SQQQ/QQQ Comes With A Penny Of Final Near-term Target, Daily Swing Target Reiterated

SQQQ/QQQ First Target Hit, T2 Likely Soon

QQQ 60 minute March 10th The SQQQ/QQQ short trade has hit the first target on the short-term (60 minute) time frame with T2 likely to be hit soon as my expectation is for the sell-off to pick-up momentum in the following days. See daily chart for QQQ swing targets. I still favor covering the 3x leveraged short SQQQ at the second target on the 60-minute chart, then rolling into any of the other $NDX short alternative trading vehicles such as QQQ, QID, NQ (e-mini futures), or options on the QQQ (the latter two only for those experiences with trading [...]

2017-03-08T21:20:36+00:00Mar 10, 2015 10:43am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on SQQQ/QQQ First Target Hit, T2 Likely Soon

QQQ Swing Targets Revised

QQQ daily March 8th close The swing targets for the current QQQ short trade based of the daily chart have been slightly revised, with the former T2 now re-sequenced as T1 (100.09 and/or uptrend line). The previous first target was listed as the minor uptrend line, which formed the bottom of a rising wedge pattern, but upon further review of the charts, I believe the odds favor a move down to the 100 level in the Q's (4100 on the $NDX). For those who experienced with trading options, by my guesstimation, if the QQQ short continues to play out [...]

2017-03-08T21:20:36+00:00Mar 9, 2015 8:30am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Swing Targets Revised