Update: Swing Trading Short-TermWe're above in 'overbought' zone on all three key indexes and got the crossover to potentially see a minor pull back now. Any new positions should be small.
Tip: "Stock Above 5-Day Average" ChartHappy New Year Folks! Wish everyone here a profitable 2025.
One of my tools I use to look for favorable swing trading is the "Stock Above 5-Day Average" chart. In it, I can see where we are in the cycle of swing trading. I like to start looking for new setups when we are under the 30 line and starti
New Setup: QQQ Update"Courage is resistance to fear, mastery of fear, not absence of fear." QQQ: Only 6% of stocks are trading above it's 5-day average. Also the last time we saw such extreme levels lately was back on Aug 5th and Apr 15th. If you take a look at the QQQ chart, April 15th did continue to pull back like
FYI: NCFDFolks, keep an eye on NCFD daily chart, for swing trading it help me prepare to get offensive or defensive.
My Observations: QQQHey folks, I'm seeing on the chart we are oversold and I am now looking for a crossover. In addition when I see QQQ closing above the 5-SMA soon, I will start to look for new positions to enter. Wish me luck!!
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Displays a symbol's price movements over previous years to identify recurring trends.