Part 1 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech Stocks Part 1 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech Stocks Long19:09by ArcadiaTradingPublished 1
QQQ Hammer on the 4hrStill long here with another hammer candle to show support in the uptrend. Don’t go short until you see it break the diagonal and new horizontal support ! Cheers, - “Not advice… it’s just how things work.”Longby ImminentDangerPublished 0
Micheal J Burry is not Alone!Who is Micheal J Burry and Why everyone talks about him Today? Today on most social media pages everyone talks about this news: Michael Burry just shorted the market with $1.6B Bought $890M of AMEX:SPY Puts Bought $740M of NASDAQ:QQQ Puts This now makes up 93% of his entire portfolio To me, Michael J Burry is a True Living Legend! Michael J. Burry is an American investor, hedge fund manager, and physician. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. In 2000, Burry founded the hedge fund Scion Capital. Scion Capital was a very successful hedge fund, and Burry made a lot of money for his investors. However, Scion Capital closed in 2008 after the subprime mortgage crisis. Michael Burry made a personal profit of $100 million and more than $700 million for his investors during the subprime mortgage crisis. This represents a profit of over 489% for Scion Capital, Burry's hedge fund, between its inception in 2000 and its closure in 2008. Burry's profit was the result of his bet against the subprime mortgage market. He believed that the market was overvalued and that the housing bubble would eventually burst. He shorted mortgage-backed securities (MBS), which are investments that are backed by pools of mortgages. When the housing bubble burst in 2007, the value of MBS plummeted and Burry's bet paid off handsomely. Burry's bet against the subprime mortgage market was a very risky one. Many investors thought he was crazy, and he was even sued by some of his own investors. However, Burry's bet turned out to be correct, and he made a lot of money for himself and his investors. Burry's story is a reminder that it is possible to make a lot of money in the stock market by being a contrarian. He was willing to go against the crowd and bet against the subprime mortgage market, even though most investors thought he was wrong. His bet paid off, and he made a lot of money. From a Statistical point of view, there are lots of similarities between now and November 2021, Here are some other famous hedge funds that made money from the subprime mortgage crisis in 2007: John Paulson's Paulson & Co. made a profit of $20 billion during the crisis. Paulson was one of the first investors to bet against the subprime mortgage market, and he made a lot of money when the housing bubble burst. David Einhorn's Greenlight Capital made a profit of $2 billion during the crisis. Einhorn was also a contrarian investor, and he bet against the subprime mortgage market. Seth Klarman's Baupost Group made a profit of $1 billion during the crisis. Klarman is a value investor, and he saw the subprime mortgage market as being overvalued. George Soros is another famous hedge fund manager who made money from the subprime mortgage crisis. Soros's Quantum Fund made a profit of $1.7 billion during the crisis. Soros was one of the first investors to warn about the dangers of the subprime mortgage market, and he bet against the market. The NAAIM Exposure Index is a measure of the average exposure to US equity markets reported by members of the National Association of Active Investment Managers (NAAIM). The index is released weekly on Thursdays. Each week, NAAIM members report their exposure on the stock market using a scale of 1 to 5, with 1 representing 100% cash and 5 representing 100% invested in stocks. The NAAIM Exposure Index is a contrarian indicator. This means that it tends to move in the opposite direction of the stock market. When the stock market is rising, the NAAIM Exposure Index tends to fall, and when the stock market is falling, the NAAIM Exposure Index tends to rise. This is because the NAAIM Exposure Index is based on the sentiment of active investment managers. When active investment managers are bullish on the stock market, they tend to increase their exposure to stocks. This drives up the NAAIM Exposure Index. However, when active investment managers are bearish on the stock market, they tend to reduce their exposure to stocks. This drives down the NAAIM Exposure Index. The NAAIM Exposure Index can be used as a tool to identify potential turning points in the stock market. When the NAAIM Exposure Index is high, it suggests that active investment managers are bullish on the stock market and that a correction may be coming. However, when the NAAIM Exposure Index is low, it suggests that active investment managers are bearish on the stock market and that a rally may be coming. The NAAIM Exposure Index has been on a downward trend for the past 3 years. In August 2020, the index was at 75.93, which is considered to be a neutral level. However, the index has since fallen to 65.49 in August 2023, which is considered to be a bearish level. Conclusion: It is highly likely that Micheal J Burry is not Alone! Editors' picksShortby MoshkelgoshaUpdated 4444489
QQQ First Target 255$ (-30%) The price has hit an important range in the weekly time frame and has been rejected. It is also moving downwards in the daily timeframe The first target with a 30% drop will be $255 And the long-term target will be $195 with a 47% drop Shortby SepehriiPublished 2
We may get another bounceThe last time we got another push to the upside before it crashed. I may happen again, price still dancing on the uptrend. Nothing is off the table.by ArturoLUpdated 220
This is funnyI pulled the 2 week QQQ chart. Do you see a pattern here? During an uptrend after two consecutive 2-week red candles, the price rallied strongly. It did not do so in downtrends. I guess we will have to wait a couple more weeks to find out if the Nasdaq is going to crash.by ArturoLUpdated 6
Cup & Handle on $QQQLooks like a cup and handle is forming on the monthly for $QQQ. We can see September be another red month and see price hit the mid $350s going into Q4 then see a run into $380s during Q4. by stockbuster_Published 0
WAVE 2 low is in place The chart posted is and will remain the wave structure wave 1 up and 2 down by wavetimerPublished 116
BULLISH WAVE STRUCTURE ALT The bullish alt . is now label if we were to break much more then i would only look for a wave B and then we would rally back in a 5 wave up to a nice rally by wavetimerPublished 5
Daytrade for Wednesday QQQI have to post this cuz it's so in my face all week about day trading on Wed. Basically, get long. I see there's some PMI news in the morning at 9:45. I suspect this could be what ignites a fire under this thing and gets us to the targets I posted from last Thursday when I called for the low on Friday. That was nothing short of perfect I'm happy to say. Sometimes I get it right and it keeps me motivated. Tomorrow will also be an up day for gold and miners, I believe, so it seems like dollar might take a hit off this news? I don't claim to know much about correlating markets and what percent will get what reaction, etc. That's for other people who enjoy those things. I do what I enjoy & report what I get. GDXJ may be up around 5% (daytrade only). I also suspect it's the news because the guidance for what happens AFTER tomorrow (Wed) is a return to the scene of the news. I also have NVDA could be up 6% tomorrow, so that would also help QQQ. I will see what the energy is after this move, but I think it's short the thing. When targets are hit, it's high odds a decent reversal anyway.Longby JenRzUpdated 884
V shape bounce QQQ NasdaqAs per chart, we have finally moving back up from the first half of bear of August. Market got its liquidity and moving up now. Great time to buy. Indicator for Rate of Change is also turning up (Top indicator chartLongby WizdomSeekerrPublished 12
$QQQ on 30min Symmetrical triangle NASDAQ:QQQ on 30min Triangle "A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown." Support and Resistance as indicated on chart. What are your thoughts? Thanks, KellyLongby angelbaetradesPublished 1
Pt 1 QQQ SPY & 7 MEGA Cap Tech & Natgas Gold AnalysisPt 1 QQQ SPY & 7 MEGA Cap Tech & Natgas Gold AnalysisLong18:55by ArcadiaTradingPublished 2
$QQQ on 30min Rising Wedge formationRising wedge. All info is posted on the chart. Do you think it will hit the target? Comment your thoughts! p.s. I am back to posting charts! -Kelly :)Shortby angelbaetradesPublished 2
The Final Stroke?Major pullback from the over-extension and possible earning season that will disappoint. With the anticipated pullback to the 350-355 range (channel low), there's a possibility of a double top or even a higher high. This potential rebound might lead to the formation of a double top or even a higher high, referred to as a "blow-off top." Such a scenario could imply that this peak could likely endure as the market's growth for the next few years, coinciding with a potential U.S. recessionby ssaviPublished 0
QQQ Cup and Handle formationQQQ has pulled back from high of 387.98 to 354.71 and now bouncing off strongly. Will NVDA and TSLA help to push it further up to next stop of 460?Longby Silverbullet121Published 1
Monday Market Outlook: SPY, QQQ, IWMMonday Market Outlook video covering SPY, QQQ, IWM as well as the futures versions (ES1! and NQ1!). Leave your questions below, Thanks for watching!12:32by SteverstevesPublished 7719
$QQQ Double Bottom Short Term BounceNASDAQ:QQQ Possible bounce here for a couple of weeks is not out of the question. Double Bottom Short Term Bounce. A double bottom is a bullish reversal pattern commonly used in technical analysis to identify potential trend reversals from a downtrend to an uptrend. It's characterized by two distinct lows that are roughly at the same level, followed by a price move higher. Here's how to recognize and interpret a double bottom pattern: 1. **Downtrend:** The double bottom pattern forms after a prolonged downtrend. It signifies that the price has been in a downward movement for some time. 2. **First Low (Trough):** The first low represents the end of the downtrend's downward move. It is followed by a temporary price increase as buyers step in, but this rally usually doesn't result in a significant trend reversal. 3. **Rally and Pullback:** After the first low, there is a rally (upward movement) in price. However, this rally is typically followed by a pullback as selling pressure re-emerges. The pullback doesn't typically reach new lows. 4. **Second Low (Trough):** The price then makes a second low, which is often at or near the same level as the first low. This forms the second "bottom" of the pattern. At this point, some traders who missed the initial upward move may start entering long positions. 5. **Breakout:** The most important part of the pattern is the breakout. When the price breaks above the high point (resistance) that formed between the two lows, it confirms the double bottom pattern. This breakout signals that the downtrend may be reversing into an uptrend. 6. **Confirmation:** To confirm the pattern, traders often look for increasing trading volume as the price breaks out of the pattern. This suggests that there's strong buying interest behind the move. 7. **Price Target:** The projected price target is estimated by measuring the distance from the resistance level (between the two lows) to the lowest trough, and then adding that distance to the breakout point. This gives an approximate target for the expected upward move. It's important to remember that while double bottom patterns can be reliable indicators of potential trend reversals, they are not guaranteed to be accurate every time. Traders often use additional analysis techniques and tools to confirm the pattern's validity before making trading decisions. Combining technical analysis with fundamental analysis and proper risk management is essential for successful trading.by AlgoTradeAlertPublished 2
Pt 1 QQQ SPY & 7 MEGA Cap Tech & Natgas Gold AnalysisPt 1 QQQ SPY & 7 MEGA Cap Tech & Natgas Gold AnalysisLong20:00by ArcadiaTradingPublished 11
Linear Modeler IndicatorHey everyone, This is my thank you gift to all of you who follow, subscribe and comment. I really appreciate all of your engagement and comments and want to show my appreciation by releasing one of my pride and joy indicators. This is a video going over it. Still some bugs I need to work out but it will be released over the weekend. Safe trades everyone and let me know your thoughts below! Thank you again =-) 17:10by SteverstevesPublished 323234
QQQ pulled back to support for LONGWithout regard to market noise, newsand other rumblings on the 1H chart with two sets of anchored VWAP bands overlaid QQQ hit the upper bands about about July 19th. On the retracement of about 35%, price is now in the range of the mean VWAP line of the short-duration anchored VWAP and the first upper line of the longer duration anchored VWAP. IT is also slightly above the interval volume profile's POC line. That is to say there is tripel support and confluence My analysis is the QQQ will rise in the upcoming week. I will take a long trade targeting 378 (40%) 386.5 ( 40%) and 392 (205) - I may take a position in SQQQ call options for insurance and risk mitigation on the trade. I see a resumption of the bull run for technology and this trade will test that vision.Longby AwesomeAvaniUpdated 5
QQQ - Where is the bounce? Trendline below...The trend is your friend, until it isn't... Last 3 weeks we've seen a decent correction in the market after months and months of nothing but a strong bull run. While this correction does make sense since the market doesn't shoot straight up, the question we are asking ourselves is where do we bounce and reverse? We've seen NASDAQ:AAPL and NASDAQ:NVDA along with a few other big names dump hard in recent days with bears in absolute control. Just below on NASDAQ:QQQ we see an established trendline support that could easily give bulls a reason to jump in and give the market it's next "higher high" in the current bull run. This would also most likely give NASDAQ:QQQ and many other tickers an ATH price. Overall, short term market is bearish, while in the longer term we still remain bullish. This trendline support is something worth keeping an eye on in the coming weeks. by FlinttradesPublished 335
QQQ pop and drop around $383. Target $362ishOk, I’m posting from the app (for the first time) just to get it done , but today expecting a rip up and reverse down. It may be a little choppy till later for any real momo down, so be patient. Dowsing really likes the 384 number fyi. Percent up says 1.8, which is only around $382.39. Time of day may be relevant and is 12:44 eastern. Basically though, QQQ should reverse and looking for a zone around $362-63. I do still have some work to do to see if it hits, and full disclosure, I have some negative energy in myself. I want to look long on Thursday at this point, and cover on Wednesday. GLTA! Note on AMD (I’ll post later). It’s real negative. Sell the pop, but don’t think it’s much.Shortby JenRzUpdated 668