Comments on: The QQQueen is Dead https://rightsideofthechart.com/the-qqqueen-is-dead/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:51 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: GetItRiight https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1421 Tue, 26 Apr 2016 18:31:12 +0000 http://rightsideofthechart.com/?p=171011#comment-1421 Let me add my experience. Back on Mar 1, when we were arriving at important SPY resistance levels, I bought my first batch of TVIX, to use as proxy for the upcoming downturn. Two days later, after a fall in TVIX of about 10%, I added the second batch, at the next important resistance level. Since then, SPY advanced probably 2-3%, but TVIX fell in that time period about 35%. Lesson learned here, volatility products are definitely not good for hedging against market drops. They are good when you have confirmed trend change. This will be one of the hardest trades I had to manage without loss.
My advice is wait for important supports to break, once a downtrend is confirmed and only then use one of these leveraged products. Just look at today: SPY unchanged, TVIX down 4+%.

]]> By: rsotc https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1420 Tue, 26 Apr 2016 18:30:02 +0000 http://rightsideofthechart.com/?p=171011#comment-1420 @pangblood A long on the VIX should work just as well if not better than a short on the Q’s or IWM if my bearish scenario begins to start playing out soon. The $VIX is still at that same support level that I highlighted a couple of weeks ago (S1 support level) with bullish divergences in place to boot.

]]> By: pangblood https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1419 Tue, 26 Apr 2016 18:18:12 +0000 http://rightsideofthechart.com/?p=171011#comment-1419 @rsotc
Instead of going SQQQ long (TQQQ short) or TZA long (TNA short), what are your thoughts of playing volatility,
ie: going UVXY long, I’m not quite sure how well vix correlates with market declines, what are your thoughts

]]> By: snipertrader https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1413 Mon, 25 Apr 2016 13:24:03 +0000 http://rightsideofthechart.com/?p=171011#comment-1413 @snp – Funny! We shall keep an eye out for this newly famed candlestick pattern then in the future!

]]> By: snp https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1409 Fri, 22 Apr 2016 23:32:21 +0000 http://rightsideofthechart.com/?p=171011#comment-1409 @snipertrader-that pattern on qqq is the rare and famed ‘abandoned family with dog and cat”

]]> By: snipertrader https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1408 Fri, 22 Apr 2016 20:42:35 +0000 http://rightsideofthechart.com/?p=171011#comment-1408 @rsotc – SPY and DIA also have gaps below from 4/12 – 4/13 price action. Interesting how QQQ simply stepped exactly and completely over it’s 4/12 – 4/13 price gap on the way down today. Wonder when SPY and DIA gaps may turn “magnetic”.

]]> By: snp https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1403 Fri, 22 Apr 2016 18:23:51 +0000 http://rightsideofthechart.com/?p=171011#comment-1403 In reply to snp.

ok, that was easy. how about 209.48?

]]> By: snp https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1402 Fri, 22 Apr 2016 17:59:16 +0000 http://rightsideofthechart.com/?p=171011#comment-1402 In reply to rsotc.

just a day trade…I recognized the potential pull back with a post 2 days ago about a TL on spy at 210. it gets frustrating watching it destroy Tl and TL but that one seemed worth mentioning since it was so extended on the daily too. I think in the early stages of a pull back the buy the dippers are reliable for a bounce when its oversold on an intraday basis. I thought about posting a target of 209 today but didn’t.

]]> By: snp https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1401 Fri, 22 Apr 2016 17:44:03 +0000 http://rightsideofthechart.com/?p=171011#comment-1401 In reply to snp.

bought some chips to go with that dip

]]> By: Omdavis21 https://rightsideofthechart.com/the-qqqueen-is-dead/#comment-1395 Fri, 22 Apr 2016 15:50:23 +0000 http://rightsideofthechart.com/?p=171011#comment-1395 Maybe a 110 backtest?

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