TQQQ trade ideas
TQQQ Day trade Levels are established on the daily through fib retracement from High to low swing, zoomed in on the 5 minute to trade between those levels as I follow structure of the ETF. Fib retracement levels are established again within the imbalances on the 5 minute to find zones for entries and exits (blue box). the bottom blue box is the .312-.618 level of the 3/26 run up was looking for a retracement before another run up. The exit the top blue box was made with the fib retracement as well using .312-.618 levels between the 88.97 and 93.31 marker and a fib extension of the after hour trend (just for more accuracy to locate where PA can go) which landed me between 90.59 and 91.66
TQQQ - BONDS vs NASDAQ 👊-The last couple of weeks were tough as the non-ending rise in bonds was dragging the Nasdaq lower and lower each day.
-Now, finally, after a strong rally in bond yield we can see a sharp drop-down in the yield (orange). This is the chance for Nasdaq!
-As long as TQQQ manages to keep the nose above the 85, it will maintain the possible bullish run. However, it is still not clear if
the bond rally has come to an end!
-Lets all closely watch these 2 fighting over the throne with eachother and pay close attention to the possible re-test @ 85!
$TQQQ $87 A Healthy CorrectionThe market has been a bloodbath the last 4 trading days. We saw share price across the board easily correcting 5%, 10%, 12%, and even 15% each day.
However, I believe that the correction is not over yet. We will likely re-test the support of the bullish channel at around $84.32 to $87.27. This is a very healthy correction that is long overdue. Use this opportunity to load up on shares of companies that you believe in by buying the dip because fundamentally, there is nothing wrong with a lot of the companies that are experiencing the dip.
My target is $87.27. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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The infinite trading loop (Covered Options)Selling put contracts on a weekly basis can be lucrative. Even if the contract is executed, you can sell a call options contract the following week. Leveraged etfs have higher premiums compared to regular shares. With this reward comes risk and high volatility.
But what are the risks? How much can tqqq go down in one week? TQQQ has a weekly volatility rate of over 5% and 8% monthly.
In the long run, if you implement good risk management I believe this can be profitable in the long run but keep strong buy and sell signals in mind.
As always use technical indicators and guidance. Good luck!
TQQQ planning to buy in every dipI loaded up shares at 80, 70 my average cost is about 80, if keeps dipping I'll just buy more in portions and hold. today recovered quickly from 70 zone, hope I can load more at 70 zone, not sure if is gonna dip more cause looks like NQ is too bearish, but doing a good average cost work, this is required to hold for weeks.
That's how am playing this, is not a recommendation just an idea I have on this leveraged ETF.
Short SQQ, instead of buying TQQ Short TQQ instead of buying SQQThe performance, is up to 3% better by trading the inverse of the intention of the etf.
You could also stick to one or the other so you could easily inverse if the stock moves the wrong way.
CFDs are still king, but Alberta doesn't allow CFD trading.
TQQQ Big Move Up Likely - MFI+VOL+EWAVEA big move one way or the other looks to be in the making
The volume today on TQQQ was higher than it's been since 10/30
Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises.
Note the intersection: Vertical Purple lines, MFI Low, and Volume High
EWAVE says we just did a very short ABC after a 5 part down.
Confirmation should come in the next few days.
QQQ dropping below 290 into prior 2008-2020 channel would invalidate and point to a 25+% correction
$TQQQ Market Correction DDThe market was extremely bloody last night, where we saw $TQQQ trading at highs of $98.07 at one point and subsequently closing at $87.90. I believe this can be attributed to the rising bond yields trend we are currently witnessing, particularly in the 5 year and 10 year treasury yield.
Between the start of February 2021 to February 24th, the 5 year treasury yield has been steadily increasing at an average of 0.01 to 0.03 daily, while the 10 year treasury yield has been increasing at an average of 0.01 to 0.04 daily.
However, yesterday on the 25th of February, this skyrocketed. The 5 year treasury yield shot up by 0.19 from 0.62 to 0.82, while the 10 year treasury yield shot up by 0.16 from 1.38 to 1.54. Typically, when the 5 year treasury yield goes beyond the 0.75% threshold and the 10 year treasury yield goes above the 1.50% threshold, the stock market tend to sell off in reaction to that. This huge one-day surge in yield return as a result of a lack of interest in bonds likely exacerbated the sell-off.
I believe that this correction is extremely healthy in a market where a lot of the valuations are rather high; and this is unlikely the "huge market crash" or the "bubble pop" premonition that many investors are fearful for, especially considering the fact that a huge $1.9 trillion stimulus will be incoming.
However, it will undoubtedly do us good to remain cautious and keep some cash on the side because in the short-term, the hardening of yields will likely lead to some volatility - which means more frequent dips for you to average your positions; but more importantly, eventually, the consequences of printing these money will likely catch up to us in the form of record-level inflation and interest rate rise, possibly killing the bull run - and we need to be prepared for it.
For now, I expect growth from the support zone of this bullish channel back to the $100 to $110 range.
This is not investment advice so please do your own due diligence!
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02/26 QQQ / TQQQ Bounce -RSI don't lieYou can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
TQQQ - Formed a double bottom!After following successfully the pattern that we shared on FEB 7, TQQQ dropped to the prices that we expected it to be.
-With currently standing at a double bottom, a drop that came with a bull flag formation, we see this as a good price to enter
for mid and long-term investors.
-For short-term investors we suggest to wait for a trend reversal and then hop on the board!
TQQQ - TrendlineAs we all know, all the analysts and investors are talking about the market bubble that we are all in currently. And in our opinion, TQQQ is reaching its resistance line. It will need to cool-down sooner or later, we are currently waiting for it to pop the bubble and drop closer to the support line where we can buy it confidently. Good Luck to everybody and Stay Safe!
