Nasdaq100 daily- Little upside left, bearish RSI Nasdaq100 daily- Little upside left and nearing resistance, bearish RSI.
TQQQ
TQQQ 25-day Moving Average Strategy vs Buy and HoldMay 2018 to May 2020
25-day MA return = 45%+56%+17%+67% = 185%
Buy and Hold = 36%
This is 185% return is better than the 50-day MA return of 147% ()
However, you'll have to subtract maybe 20% from that 185% for false-positive loss sales where it just briefly crossed the line.
50-day MA TQQQ Stratagey vs Buy and HoldFrom May 2018 to May 2020, you would have seen a 147% return by selling TQQQ when crossing down over 50 day MA and buying TQQQ when crossing up over 50-day MA.
Buying and holding TQQQ over this time would have only returned 36%.
The TQQQ Trend is Your FriendIt seems that buying NASDAQ:TQQQ when crossing up through the 50-day moving average and selling when crossing down would have netted you the greatest returns over the last 3 years.
NAsdaq100 monthly Log chart: Up Channel Nasdaq100 monthly Log chart: Up Channel. Technical analysis doesn't have to be complicated.
Moral of the storey: Buy the dips (lower bounds of the channel) and stay long.
OPENING: TQQQ JULY 17TH 55 SHORT PUT... for a 2.73/contract credit.
Notes: Background implied isn't what it was a few short weeks ago, but it's still pretty high here at 89.6%. Looking to "wheel" this (i.e., short put, acquire, cover) if it breaks down; otherwise, perfectly happy to keep the premium. 5.22% ROC at max (if cash secured).
TQQQ Trading inside channelInitiated a short position here. Looking for 10% gain. Stop loss at 5%. 2-1 risk/reward ratio. Will be mainly using the pitchfork and as a visual guide, and using my macd signals for alerts. For the last 2 months, if you initiated short position at the upper band of the channel just after the (close long) alert signal, and closed short position at the first (open long) alert signal, then you would have 3 successful trades for about 10% profit each.
If for some reason, the price breaks out of this pitchfork channel, then the strategy is voided. Profitable alert signals rely on heavy volatility, that's why I'm covering triple-leveraged ETF.
TQQQ - Short Put 17 Jul 20 55Opened yesterday for a credit of $3.22 per contract. Cash Secured.
With mostly cash in my portfolio, I think it's a good time to use the wheel strategy:
1. If TQQQ ends up above 55 at time of expiration - collect premium
2. If put in-the-money: start long on TQQQ
2.a. sell covered call on TQQQ
TQQQ Target:[$100.00] Target Date:[07/01/2020] ROI:[38%]NASDAQ-100 INDEX
The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Last week, the Invesco QQQ Trust (QQQ) crossed the $100 billion in assets mark, joining three S&P 500-based ETFs and a total stock market offering from Vanguard.
CFRA rates QQQ as a five-star diversified U.S. equity fund, believing it has a high probability of outperforming in the next nine months due to its low costs and high reward potential, despite slightly elevated risks.
Exposure to the biotech sector which is poised to profit from therapeutics to treat the coronavirus and future pandemics.
Analyst Ratings
Firm Name____________Rating
FactSet ________________A
Ned Davis Research _____BUY
XTF Inc. ___________10 out of 10
Morningstar, Inc.* ___ 5 out of 5
Zacks Research ______Strong Buy
Top Holdings
MSFT
Microsoft Corp
11.92%
AAPL
Apple Inc
11.19%
INTC
Intel Corp
2.97%
CSCO
Cisco Systems Inc
2.11%
NVDA
Nvidia Corp
2.04%
ADBE
Adobe Inc
1.95%
PYPL
Paypal Holdings Inc
1.42%
AVGO
Broadcom Inc
1.19%
TXN
Texas Instruments Inc
1.18%
QCOM
Qualcomm Inc
0.98%
AAPL Looks like a short here. Be CautionsI have purchased a $315 put option.
Goodluck - Trade at your own risk.
Close out TQQQ positionsIt's a good time to take some profits and scale out of TQQQ today.
I'll post when to start buying SQQQ.
Nasdaq100 daily- Reaches 61.8% Fib retracement and Bollinger midNasdaq100 daily- Reaches 61.8% Fib retracement and Bollinger 20 SMA midline support (circled).
OPENING: TQQQ JUNE 19TH 35 SHORT PUT (LATE POST)With rank/implied at 74/124 and the at-the-money short straddle paying a whopping 33% of the value of the stock price in the June expiry (57 days until expiry), sold the 84% probability of profit strike for a 2.06/contract credit late in the session.
Break even of 32.94.
