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.
Thank you for the post/link tw0122!
>"GREAT FOR TRADING BETWEEN SQQQ AND TQQQ."
Agree, and that could go on for sometime now, with maybe some time inbetween.
What a great complete trade Agoura Guy, congratulations!
What a rotten day to be shorting the markets, could be some nasty margin calls going on today.
How long will this relief rally go on and how low will it make SQQQ!
Great work Chartmaster!
I'm interested to see what happens to interest rates and the debt sell-off after the election.
Sounds like a very legitimate analysis; personally I would have guessed the markets would already be going down by now with what's on tap for tomorrow, but it's the opposite at the moment (11:04 PST.)
What will the markets do tomorrow, wish I knew, I would have guessed those would be down today but they're not (as of 10:08 PST).
I, maybe wrongly, am thinking NASDAQ still will go lower. I would really like to trade but in my last trade I was in SQQQ for three weeks before I made a nice profit and got out. I probably won't be able to resist and will start trading again, it sure would be handy if the QQQs went one way or another to an extreme.
It would seem tomorrow would likely be a good day to sell the SQQQ.
Not gambling in either yet so I guess it's you-all who will make money without me.
Good one! My thanks again to LuckyDude for making me (us?) aware of the PPT.
AAII Investor Sentiment Survey - https://www.aaii.com/sentimentsurvey
All interesting posts and a pleasure to read!
I wonder what the Plunge Protection Team is up to: https://duckduckgo.com/?q=plunge+protection+team&t=chromentp&atb=v323-5__&ia=web
It will be interesting to see, I'm not convinced but a leg up is a leg up!
Nice trade!
T showing 37.43 at the moment, nice work LD! Personally I'm not sure why NASDAQ is stronger at the moment, maybe folks had the weekend to feel more optimistic about it. 10 year bond yield popped up which often hurts the NASDAQ. https://www.cnbc.com/bonds/
With money leaving so many stocks, stocks like the triple zeros could come back in vogue later as retail investors will be looking for the lottery picks like the last two years (more or less) were in many types of investments but largely are not so much now.
10911, 10793 and/or 10363 could be a levels of support in the 10,000s if I'm reading the chart right.
It's something to see TQQQ cheaper than SQQQ.
There's still plenty of trading money out there at the retail level.
TQQQ did a 2 for 1 stock split in January of this year so past price comparisons might be tougher - https://finance.yahoo.com/news/proshares-announces-etf-share-splits-220000740.html
The NASDAQ composite (IXIC), just before the 2020 crash, peaked at 9713. https://finance.yahoo.com/chart/%5EIXIC#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
That was roughly two and a quarter years ago, would a bottom around thousand points up from there be likely, or will it fall lower than that?
If going lower will it largely be a straight line down? Last I heard institutions were not jumping into stocks yet in numbers like last year. Retail traders might give it another short term bounce though.
Maybe up after the Fed meeting it has a pop?
Calendar of events next week (further down the article.) - https://www.cnbc.com/2022/04/29/seasonal-trends-could-be-a-drag-on-a-stock-market-that-needs-a-rebound.html
Wolf Street free financial newsletter stated that a significant amount of yesterday's move up was short covering. https://wolfstreet.com/
I guess there's still lots of money on the sidelines that want to make a quick buck going long on the stock markets short term.
Assuming tomorrow is another up day, man decisions, decisions, does one stay in over the weekend?
I'm done waiting around for $34s in this ETF, $36s might not even be possible anymore.
Schedule of events this coming week - https://finance.yahoo.com/news/big-tech-earnings-pce-inflation-what-to-know-this-week-181023993.html
Awesome Agoura Guy!
It still amazes me that it got so low this morning if it was going to make such a big move up.
I missed the boat.
Fishless fishing, I'm an expert doing that. Congratulations on all who are ahead. NetFlix quarterlies got the NASDAQ dropping for the second quarter in a row.
Those shares are looking good at the moment LD! Congratulations.
Another bad quarter for Netflix and another afterhours tank.
Official announcement I believe is May 5th.
Wow, I didn't see this drop coming. Big drop in oil price also today, don't know if that had something to do with it.
Thursday is Powell day.
I've been using CNBC if I'm not expecting to trade it, and Thinkorswim if I think I am, I'll check out Yahoo, thanks.
Update: Yahoo seems to update a bit faster than CNBC, thank you, I'll use it instead of CNBC now.
Best wishes on that trade LD, It keeps going up past that of late, it's just a matter of when.
Looks like the ticker on this ETF's webpage is quite delayed and not near correct, at least at the moment.
Makes sense, thanks!
Man how low will SQQQ go this time, I'm guessing Thursday will be a bad day for the NASDAQ.
Further down in the article is this week's calendar of events:
https://finance.yahoo.com/news/u-bond-market-gives-notice-200000114.html
April 21 is the big day.
Nice work LD, say what is the "DAQ"?
Okay thank you.
Why is the NASDAQ in the green today (it's 2:30 EST). Sorry I haven't kept up with the markets today.
Bank of America quarterly report apparently going to be announced before the open:
"CHARLOTTE, N.C., April 11, 2022 /PRNewswire/ -- As previously announced, Bank of America will report its first-quarter 2022 financial results on Monday, April 18. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET." https://www.wfmz.com/news/pr_newswire/pr_newswire_stocks/bank-of-america-to-report-first-quarter-2022-financial-results-on-april-18/article_84c83f87-408f-5065-a159-958a4152a9c6.html
Bank of America quarterly report on Monday (there may be others,) others tomorrow.