Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Recent local market highs in $NAHL, about 12.1.02, 1.13.03, and 3.1.03, were followed by a decline in $COMPX.
It will be interesting to see if this pattern repeats.
What are your thoughts?
LisaAu
I went short QQQ @ 26.36 and will hold over the weekend.
LisaAu
I'm short QQQ @ 26.36. I'm guessing the market will be driven by news the next few weeks and maybe some unexpected and bad news at that.
LisaAu
You'll go long over the weekend given the war and countless possible nasty developments?
For instance, see:
http://story.news.yahoo.com/news?tmpl=story&ncid=514&e=2&cid=514&u=/ap/20030328/ap_o...
LisaAu
I use Cybertrader, IQChart, and Medved Quote Tracker with data from Cybertrader. I also use TC2000 for mutual funds where, in addition, I track various indices.
LisaAu
Yes, I do watch NDX and SOX as well as QQQ and SMH.
I sometimes find the SMH spread unfavorable. I prefer spreads of 0.01. Position trades of SMH have worked better than day trades. I see the semis as foundational for much of tech investing / trading. I always watch them.
Lately, I've been using hourly and 15, 10, 5 and 2 min charts.
(I often wish I had the patience and wisdom to live with weekly trends and stay away from intraday trading altogether.)
My fav moving averages are 5,8, and 15 (or 20, too). The stochastic I use is 14,3,3 ... but I fiddle with that too.
LisaAu
Larry,
The QQQ trade on 3.25.03 was enter long at 26.15, time: 10:30.
Exit at 26.70, time: 13:55.
I used a 15 min chart for setup with reference to 2 and 5 min charts for the trade. Also, 5e,8s MA crossover and 14,3,3 stochastic.
LisaAu
I mostly trade QQQ, sometimes SMH, INTC, AMAT, or AMZN.
I prefer not to day trade; if I can hold longer and sleep ok, that's the way to go.
(But I find gap ups and down at the opening very disconcerting!)
Day trading is too xkyq stressful!
I'd rather be independently wealthy! Ha!
LisaAu
Cover QQQ @ 26.46. Time: 14:10
+0.21 pts.
Currently no position.
LisaAu
Similar to before: Short QQQ @ 26.67. Time: 12:36
LisaAu
Now, I'm watching this rally on the 2, 10, and 60 min charts.
I'm especially paying attention to today's high of 26.74.
No position. But looking for another short opportunity.
Having a bit to eat and a cup of tea.
;)
LisaAu
Cover QQQ @ 26.52. Time: 11:40
+0.13 or $130 before costs.
Based on market action, 2 min trading chart and Stoch.
LisaAu
Yes, I have a stop, typically about 0.20, sometimes a little less, sometimes a little more.
It depends on market activity (vol, mom, etc.) and news.
LisaAu
Short QQQ @ 26.65, Time: 10:24
1000 shares
LisaAu
Great setup for QQQ long on the 15 min chart at 10:30 today.
Good for 0.55 pts.
LisaAu
Are you pleased with the results of AIMing QQQ over the past two year period? Have you compared it to other strategies, e.g., using moving averages to enter and exit, perhaps with or without shorting, too?
Thanks for considering my questions.
LisaAu
A few questions regarding the 200,000 + service men and women:
How many actual troops (on the ground) are available to attack Baghdad?
How many are support staff, maintenance, supply, etc.?
How many need to be sleeping or getting some form of rest at any one time? (Hence, how many are able to fight right now?) Remember these troops are tired and stressed from moving North to Baghdad.
How many of the total group, American, British et al are going to be in other parts of Iraq, e.g., Basra, fighting in those places?
How does this relatively small number of troops take over and control a city of about 5 million people, where a bunch are angry and see the US as invaders and anti Muslim?
Looks like a tough situation to me that could get a lot tougher ... and last for who knows how long before we eventually win.
Iraq is about the size of California and has about 25 million people. That's not small potatoes, as my grandmother used to say!
(And then there's the possibility of WMD.)
IMHO
LisaAu
Selling continued into the close. Not much evidence of participants wanting to cover short positions.
Selling tomorrow, too ... but that also depends on what shows up in the news.
I'm wondering what is the Iraqi strategy for defending Baghdad? Our troops must be tired and stressed subsequent to the move North.
We live in interesting (and scary) times!
LisaAu
So, Larry, what does that say about tomorrow?
I know, I know: It's strictly mechanical!
Yet I'm wondering if I should cover my QQQ short.
Ah, decisions in trading (and life more generally)!
LisaAu
Some serious fear is being reflected in the market today.
This week the troops start the assault on Baghdad. There's a lot of uncertainty regarding going into Baghdad, something that must happen to win.
And plus, there's the economy ... notice how the internet stocks are tanking today, too, AMZN, YHOO, etc.
LisaAu
Given the magnitude of today's decline, up vs down vol, etc. I would be very surprized if there is no follow through tomorrow ... unless of course there's some really good war news.
Given a list of things that might happen, such as, Saddam is captured, there's a major negative event in the US, etc. this can be a treacherous market.
One thing is pretty sure: The economy is not going to improve in the next 24 hours.
LisaAu
Larry,
Do you have anything like a probability table that one might use to forecast various levels of retracement, e.g., 25%, 30%, 35%, etc.
I'm speculating something like that might be constructed from historical data for both bull and bear markets.
LisaAu
Steve,
I was just posting to the list. I appreciate your reply.
Your 1048 figure seems reasonable; we could go a bit lower, but that's only a guess.
This decline is certainly bringing some fear to the market. People are recalling the economic problems we face and anticipating some very serious days ahead for the war.
LisaAu
NDX attempts to rally on the one min charts are not going well.
Any guesses on how this day is going to play out, given the recent news on the war, economic problems like retail sales, etc.?
In looking over charts for the past three years I've been impressed by the weekly, daily and hourly charts of ETFs and especially QQQ. I would have done a lot better if I'd paid closer attention to weekly trends, in particular, in conjunction with say, 5 and 20 period moving average crossovers.
But then in the heat of trading I sometimes go to the faster, shorter charts and enter or exit and make mistakes.
Are you folks very tempted to use shorter time frame charts in making decisions to trade NDX, ProFunds, etc.? What are your fav setups for trades to catch maket turns?
Like everyone I want to avoid being on the wrong side of the market!
Bye, bye 27.20!
There may be some folks eager to get out of QQQ longs for the weekend. There some eagerness to sell the most recent rally attempt when it hit 27.20.
Lots of stuff can happen with the War and domestic situation during the following two days.
We've had a pretty good move up in QQQ. May be time for a pullback.
LisaAu