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Good move.
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Timing Models – ROC Shock Lingers, SPY Follows Thru on Outside Week, Breadth Models Remain Bullish
Posted By Arthur Hill, CMT On 18 September 2020 @ 10:13 am In Premium
I copied directly from ART HILL newsletter.
His newsletter is $29/month.
In a recent newsletter.
He says QQQ target is 240
ART HILL comments are now on QQQ board
see
http://investorshub.advfn.com/Nasdaq-100-ETF-QQQ-3358/
QQQ recorded new high in early September, but was hit with sharp decline. Then stalled for 4-6 days with flat-ish consolidations and is setting up for short-term breakdowns.
A short-term continuation lower would be part of a bigger correction that could retrace 33 to 50 percent of the March-September advance in QQQ.
by ART HILL
Float = 465 M
Div yield = 51 %
Maket cap = 124 B
PE = 32.70
SOLD TQQQ
5 SMA ABOVE 200 SMA EQUALS TREND UP
PER ART HILL
RSI{65) ABOVE 50 EQUALS TREND UP
Per ART HILL
SQQQ Never made a higher high and is now heading down again
That is just your opinion
Are you still buying SQQQ?
A loss is like taking out insurance
It is just part of a good system.
Near 24 again
CEO says end of OCT !
bought TQQQ
As Dr Fauci says the phase 3 trial dada will show all.
FDA and WHO will approve or disapprove.
I called Saturday will call again on Monday when they are open .
Will ask if end of October is still valid
I have a BSEE degree and understand what a 5% stat means
It only takes 150 to 160 Covid 19 cases to determint a T stat
Only 39 % up for the NAS 100 stocks on a point and figure basis.
That is bearish, IMHO.
TARGET for TQQQ = 200 EMA
per ART HILL
As stated previously, based on current infection rates, the companies continue to expect that a conclusive readout on efficacy is likely by the end of October.
Will increase trial from 33,000 to 44,000
SOLD TQQQ
DY=4.03%
DPS = $1.44
EPS = 2.88
I am comparing the SEP 7 LOW to the JULY 27 low.
121.06 low has to hold or I am wrong.
The stock market was overextended in late August and the bulls gave it one more push higher with a small acceleration higher into late September. Technically, an acceleration higher signals an increase in momentum, which can be bullish. However, as with most technical signals, perspective is needed for interpretation. Today we will look at the accelerations that led to a reversal and the outsized decline. What do they portend going forward?
The medium-term indicators are mixed and this points to a corrective period. Keep in mind that corrections can be based on time, price or both. In other words, we could see prices move sideways (time), prices decline (price) or a zigzag lower (both).
At this stage, the breadth models and long-term trends are still bullish overall.
I will treat a price decline or consolidation, therefore, as a correction within a bullish environment.
All bear markets and 20% declines begin with pullbacks and 5% declines.
However, not all pullbacks and 5% declines lead to bear markets.
BY ART HILL
Ivanka Trump vows to go on TV 'The View' to get coronavirus vaccine after FDA approval
It is free country.
They are all say they are RICH !
I am sure !
A friend of mine gave a broker $5,000 to shut him up.
He traded options.
Got the account up to $50,000.
Then lost it all !
NO NEW 52 WEEK HIGHS nor 52 WEEK LOWS in the NDX since SEP 3, 2020.
What is that saying ?