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QQQ trade ideas

QQQ to 450QQQ broke all-time-highs and is looking to follow SPX into price discovery. I believe our irrational markets will lead us to a 450$ QQQ soon. OBV presses to a new region not seen before. I believe that investors are flocking to mag 7 since they have such huge cash positions to hedge their business activities. With interest rates higher for longer mag 7 looks to continue to outperform treasuries since they offer growth with a mote of the massive cash positions likely sitting in money market collecting over 5%.
NASDAQ:QQQLong
by Apollo_21mil
Opening (IRA): QQQ March 15th 380 Monied Covered Call... for a 371.81 debit. Comments: Buying stock and selling the -75 call against to emulate a 25 delta put that is defense-ready via roll of the short call. This is temporarily in lieu of what I ordinarily do in broad market, which is to target the <16 delta strike paying around 1% of the strike in credit and slightly more aggressive delta-wise. This only makes sense in a cash secured environment; on margin, you should probably do something else that is more buying power efficient (e.g., short put/take assignment/cover, Jade Lizard, short strangle, yada yada). 8.19 max profit on BPE of 371.81; 2.20% ROC at max; 1.10% at 50% max. Generally, I'll take profit at 50% max and/or roll out the short call on test to reduce cost basis further and improve my downside break even.
NASDAQ:QQQLong
by NaughtyPines
5
Quantum Leap with QQQQQQ Analysis - Tomorrow's Outlook Tomorrow's sky for QQQ appears a bit bullish in the forecast. The current trend is riding high, supported at around 401. For potential entry, set your sights on the 406.75 range. While gaps are uncertain, the overall trajectory suggests a positive vibe. Keep your stop losses tight, but in the words of market wisdom, let your winners enjoy the spotlight. I'm riding the QQQ wave, staying long above 401. Did You Know? Fun Fact: The "Q" in QQQ stands for "Quality. QQQ is an ETF that tracks the Nasdaq-100 Index, and the "Q" is a nod to the quality companies it represents. From tech giants to innovative disruptors, QQQ is a quality showcase in the stock market universe.
NASDAQ:QQQLong
by ImmaculateTony
Stock & Index Forecasts for 2024Hello again everyone! I did my SPY post for 2024 and I thought to myself, you know what would b e really cool and interesting to post and then revisit towards year end? Annual projections on the top traded stocks and indices. I threw BTCUSD in as well because, why not! Now I have some models on some of these, but in the interest of saving time and energy, the projections I will show here have been autofitted by R. There is not personal correction (I usually correct my stuff manually to ensure consistency). So take it all with a grain of salt, but it should be relatively insightful for the future. So let’s get into the annual outlooks of these stocks! Let’s kick it off with the Cult Classic, TSLA: TSLA has a mess of a trading history, so the results are pretty wide. This is pulling from the previous 8 years of trading data on TSLA. Model order is 0,1,0 . 📈 The Annual High for TSLA: 📈 80% Confidence it will be below $381.08 95% Confidence it will be below $451.27 📉 The Annual Lows for TSLA :📉 80% Confidence it will be above $115.88 95% Confidence it will be above 45.69 Thoughts: Really wide ranges and also a really big potential for this to get some serious gains or losses on the year based on its trading history. As I suspect the bullish thesis will likely continue ABSENT any major fundamental catalysts that dictate to the contrary, we have a great chance of seeing TSLA work its way towards that 381.08 target. Now the little Piggy McPiggerson NVDA: Based on the current trend over the past 8 years of trading history, most likely price for NVDA in 2024 is 562.85. 📈 The Annual High for NVDA: 📈 80% Confidence it will be below $676.63 95% Confidence it will be below $736.86 📉 The Annual Lows for NVDA: 📉 80% Confidence it will be above $449. 95% Confidence it will be above $388 Thoughts: If you are bullish on NVDA, ideal entry price is anything as close to 449 as we can get. If you are bearish, see if we can make It to that 562 and try to wait to see how close it can get to 600s. Personally, I am neutral and not an NVDA investor, so no major thoughts. META Based on the current trend over the past 8 years of trading history, most likely price for META in 2024 is 353.96. 📈 The Annual High for META: 📈 80% Confidence it will be below $464.89 95% Confidence it will be below $523.62 📉 The Annual Lows for META: 📉 80% Confidence it will be above $243.03 95% Confidence it will be above $184.30 Thoughts: Pretty neutral on META. If you are bullish, look for a move back towards 300/290. If bearish, it seems like now is your time to get in maybe. Do your own due diligence for this trainwreck of a stock :p. MSFT Based on the current trend over the past 8 years of trading history, most likely price for MSFT in 2024 is 421.31. 📈 The Annual High for MSFT: 📈 80% Confidence it will be below $489.41 95% Confidence it will be below $525.46 📉 The Annual Lows for MSFT: 📉 80% Confidence it will be above $353.21 95% Confidence it will be above $317.15 Thoughts: I was bearish on this but meh now. I own MSFT shares but not a lot, I am looking for the opportunity to add. Looking for it to come as close to 353.21 as possible. Plan is to add at 360 range, then 350 range. If we break below the 80% confidence at 353.21, no bueno. GOOG: Really boring stock but its included in like every major index as a leader so here you go: R seems to agree that GOOG is boring, with a stagnant projection for 2024. Based on the current trend over the past 8 years of trading history, most likely price for GOOG in 2024 is 140.93. 📈 The Annual High for GOOG: 📈 80% Confidence it will be below $176.10 95% Confidence it will be below $194.72 📉 The Annual Lows for GOOG: 📉 80% Confidence it will be above $105.76 95% Confidence it will be above $87.14 Thoughts: No thoughts on this one. Not a GOOG investor and not a stock I trade or follow fundamentals for. Do your due diligence as always! BA Of course, we need to include the best stock of all time, BA! I did a bit of manual adjustment for BA because the history is erratic and I care very much about these forecasts as a BA investor myself. Based on the current trend over the past 10 years of trading history, most likely price for BA in 2024 is 260.66. 📉 The Annual High for BA: 📉 80% Confidence it will be below $381.93 95% Confidence it will be below $446.12 📉 The Annual Lows for BA: 📉 80% Confidence it will be above $139.39 95% Confidence it will be above $75.20 Thoughts: I am looking for this to retrace even 200 and buy buy BUY!! And those are about all of my thoughts on BA :p. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 NIFTY Based on the current trend over the past 10 years of trading history, most likely price for NFTY in 2024 is 23,624.65. 📈 The Annual High for NIFTY: 📈 80% Confidence it will be below $ 26444.4 95% Confidence it will be below $27937.08 📉 The Annual Lows for NIFTY: 📉 80% Confidence it will be above $20804.9 95% Confidence it will be above $19312.21 Thoughts: I have never traded or tracked this, so no opinion here. Do your due diligence on this one! QQQ Based on the current trend over the past 10 years of trading history, most likely price for QQQ in 2024 is 450.85. 📈 The Annual High for QQQ: 📈 80% Confidence it will be below $ 523.76 95% Confidence it will be below $562.36 📉 The Annual Lows for QQQ: 📉 80% Confidence it will be above $377.94 95% Confidence it will be above $339.34 Thoughts: I am generally bullish on tech, but I suspect it needs a bit of a deeper correction into the beginning of 2024. IWM Based on the current trend over the past 10 years of trading history, most likely price for IWM in 2024 is 200.71. 📈 The Annual High for IWM: 📈 80% Confidence it will be below $ 251.45 95% Confidence it will be below $278.31 📉 The Annual Lows for IWM: 📉 80% Confidence it will be above $149.97 95% Confidence it will be above $123.11 Thoughts: I am bullish on IWM and small caps. I think there is great potential for them to lead the next bull run owning to their underperformance since inception. I think it is an index worth paying attention to in 2024. XBI Based on the current trend over the past 10 years of trading history, most likely price for XBI in 2024 is 89.37. 📈 The Annual High for XBI: 📈 80% Confidence it will be below $127.40 95% Confidence it will be below $147.54 📉 The Annual Lows for XBI: 📉 80% Confidence it will be above $51.33 95% Confidence it will be above $31.20 Thoughts: Healthcare and biotech are perpetual underperformers. Perhaps next year we will see the season of healthcare, though there is no catalyst for such an event. Neutral on all Healthcare and Biotech. BTCUSD Based on the current trend over the past 10 years of trading history, most likely price for BTC in 2024 is 42305.88. 📈 The Annual High for BTC: 📈 80% Confidence it will be below $60,744.85 95% Confidence it will be below $70,505.85 📉 The Annual Lows for BTC: 📉 80% Confidence it will be above $23,866.9 95% Confidence it will be above $14,105.90 Thoughts: I am still holding ADA. Generally neutral to bullish on Crypto. There is a lot of potential upside for BTC this year, since the 80% confidence is at 60 K. If we continue with a bull thesis, I think there is a good chance we work towards that 80% confidence level target. Conclusion Those are the projections and my thoughts. Hope you enjoyed and find the information useful! Safe trades and a happy new year, may your 2024 be green and prosperous! 💰💰💰💰💰💰💰
NASDAQ:QQQ
by Steversteves
9
QQQ Under Pressure! SELL! My dear friends, QQQ looks like it will make a good move, and here are the details: The market is trading on 421.23 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 403.51 Recommended Stop Loss - 430.34 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
QQQ Will Explode! BUY! My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 396.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 405.80 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
#MNQ_F quick scope analysisMarket's hotter than a third-zone loadout, ain't it? Indices pinging like UAVs, bears circling the NASDAQ like vultures around a downed UAV. Heard whispers of shorts piling on #NQ_F like they found a secret bunker full of cash contracts. But hey, never count out the bulls, right? They got more lives than a stim-addicted stim fiend in Plunder. Still, gotta watch the tape close. That price action's jittery as a heartbeat after a clutch revive. Might be time to place a short entry myself, just call it market reconnaissance. But remember, comrades, this ain't Verdansk – no second chances here. Make your moves sharp, keep your stops tight, and watch the exit like it's the final exfil. This market's a Warzone, and nobody's getting redeployed if they mess up their trades. Stay frosty.
NASDAQ:QQQShort
by FinTwitGossip
I'm still bullish on QQQ, here's why!QQQ is repeating 2010 all over again in terms of price action: Take note of how we fell, retested the 50 DMA, rallied, then double bottomed at $42 in 2010, before an even bigger bullish rally took place In the worst case, expect $342 to be the absolute bottom in 2024. From there a massive rally could take place between April 29 (BTC Halving) & August (when seasonal weakness tends to kick in during an election year). There is NOTHING to fear as long as QQQ holds above the 200 MA on the 3 Day timeframe ($337 as of writing), and if $337 holds as strong support... EVERY DIP FOR THE NEXT 120 DAYS IS A BUY!
NASDAQ:QQQLong
by Jonalius
QQQ/SPY: Descent Progress ReportIn my last idea on the Annual outlook for SPY, I indicated we would likely start the year off bearish, which has so far proved correct. The alternative was a continuation up to high targets, but generally when we open the year closer to the high targets, it usually leads to a sell. SPY has been slow to sell, but QQQ has been quick to sell. Most likely explanation there is, there was major bullish positioning by small and large speculators on NQ1! (at historically high levels in fact) and major bearish positioning on ES1!. As tech hit the ground running bearish, it likely is leading to massive long coverings which, as with short covering, creates an inverse short squeeze (Long Squeeze), where longs are covering which adds to the dramatic tumble of the future/index. Unlike ES where everyone was mostly already positioned short, so there is no added pressure on SPY to go down. As well, NQ/tech needed a larger correction owning to its more aggressive run up. How much further down is the question but I can tell you its likely we haven't bottomed quite yet. Daily volume still signaling a top on NQ, ES and SPX. We are still over-extended on the daily timeframe. If we look at a simple autoregressed Model of QQQ, SPY, NQ1! and ES1! we can see really what is likely to happen: NQ1!: ES1!: SPY: QQQ: And just for perspective, let's look at QQQ on the weekly: We need to, at the very least, retrace the centre-line of the autoregressed clouds. Even in 2021, there were frequent retracements of this line: Whether we go below the centreline on the weekly (we are already there on the daily) is a matter of question, but we can use some other tools to help us figure it out. For example, if we look at the 3 month levels on QQQ: We have broken below the threshold indicating a move to 385 is likely, which also aligns with our Autoregressed cloud target. We do have that bullish GT there, but you know, we have three months to hit it, so we really need to finish the pullback into the low range of these 3 month clouds and then we can start the recovery back up. The fast we tank, the faster we can start recovery. For SPY: Already shared this, but here it is again. Still has a ways to go to even just break down from the bearish threshold, but its working its way. Your immediate target on SPY should be a move to 466. Immediate target on QQQ should be a move towards 391. QQQ has broken down the SMA on the autoregression clouds and this can sometimes lead to a period of consolidation before continuation. Here is an example: My ideal place to begin my long entries is a move to the 3 month low targets. This would be fantastic and a great R:R for some major upside action. Remember, we spent like 1 month going straight up. The indices need time to sort their S**T out, conslidate, pullback, stabilize, shakeout everyone and then continue with its overal prerogative. My opinion, and solely my opinion and not advice is this: 1) Too early to build a long swing position, 2) Still time to build a small short swing position assuming either long dated options or shares, 3) Too late to do short term options in either direction. Those are my thoughts, I will maybe stick to updating this idea into next week. I have also included the next 5 day ARIMA Forecast in the main chart on QQQ. The outer bands are the 80% confidence levels up and down. We should remain confined within these bands over the next 5 days. I have aligned them with the 5 day period on the chart. (Side note, when I started trading with math I would trade exclusively ARIMA Forecasts and bell curve levels, then that was replaced with RPPIs and my own models, but another resolution this year is to re-include ARIMA because its very helpful and its also what big market makers use themselves, so I will be including the confidence levels and ARIMA levels in future ideas!). Those are my thoughts! Thanks for reading, Trade safe and take care! One thing I forgot to add, if we were to trade solely the Heikin Ashi setup, the retracement level is here: Which also corresponds to a gap close on NQ. However, this setup does not exist on ES. Very curious.
NASDAQ:QQQ
by Steversteves
12