TQQQ trade ideas
Top Equities and Funds (YTD % Change)These are the top yielding securities in the equities market: NASDAQ:AAPL SOXL TSLA AMEX:FNGU NASDAQ:TQQQ NASDAQ:AMZN and AMEX:LABU . All of the exchange-traded funds are 3x leveraged (make sure that you understand how these work) and have the potential to be volatile. Also, Tesla and Amazon may be in a bubble.
TQQQ Aroon Indicator entered an Uptrend on June 19, 2020Over the last three days,I detected that TQQQ's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 421 similar cases, 382 of which were successful. Based on this data, the odds of success are 90%.
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.