Tag Archives: QQQ

TQQQ Short Working So Far, Based on NFTRH+ QQQ Short Setup

By Biiwii

I shorted TQQQ on the post-FOMC euphoria bounce per an NFTRH+ update on the QQQ, that used this chart to show the short setup (ahead of time) at the SMA 50 and dotted trend line.  This is the point where in service to keeping things real around here, I also note there was also an ill-fated long idea on the KBE Bank ETF last week.  The key is in limiting losses and letting winners run.

So back to TQQQ, it was shorted on the bounce to a low risk setup and I turned away from the market this morning and did not get whipsawed out of the already profitable short.  This was in keeping with preferred scenarios for the near-term, per NFTRH analysis for the US stock market.

qqq

QQQ Volume Spikes…

By Tom McClellan

QQQ Volume Spikes on Selloff

QQQ volume as percentage of shares outstanding
July 02, 2015

When the situation in Greece came to a head over the past weekend, traders responded with one of the biggest one-day selloffs we have seen in recent months.  It was not actually a big day in absolute terms, but compared to what we have become used to lately, it was a pretty scary day.

Continue reading QQQ Volume Spikes…

NFTRH+; QQQ Bear Setup Parameters

Today may or may not be the bounce that was expected off of the bearish developments last week.  If so, or in the event such a bounce materializes this week I wanted to put some parameters down on the QQQ.

Continue reading NFTRH+; QQQ Bear Setup Parameters

NFTRH; Key ETF Update

A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…

GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180.  Over sold, prone to bounce but technically bearish below 120 and 123.

Continue reading NFTRH; Key ETF Update

NFTRH; Key ETF Update

A snapshot of current technicals for key markets…

GLD became very bearish with the breakdown from 124.  A rise above 123 is needed to even begin to repair this chart.

Continue reading NFTRH; Key ETF Update

NFTRH; Key ETF Update

A snapshot of the current technical status of key ETFs…

GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support.  Still not a constructive looking chart.  A rise above the SMA 200 and then the 50 makes it constructive.

Continue reading NFTRH; Key ETF Update

NFTRH; Key ETF Charts

A snapshot of the current daily chart technical status of several ETFs…

GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296.  MACD and RSI positive, with RSI close to over bought.  Key support is at the MA 50 and 200.

Continue reading NFTRH; Key ETF Charts

NFTRH; Key ETF Charts

Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.

GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity.  The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.

Continue reading NFTRH; Key ETF Charts

NFTRH; Key ETF Charts

ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.

GLD has lost support after spilling out of the Symmetrical Triangle.  Last week it was at the 62% Fib retrace and this week that is in the rear view window.  Still bearish.

Continue reading NFTRH; Key ETF Charts