What Happened?Can someone explain this? Will this revert to the mean, or are we on a completely new trend line?
SQQQ trade ideas
Short ETFs - 1 week comparisonMy thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market crash began on February 20th 2020 and ended April 7th 2020. So most likely if my thesis is correct in part or whole, we have around another month of overall market weakness. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SQQQ Inverse Head and ShouldersSQQQ now above key moving averages except the 200DMA and is displaying an Inverse Head and Shoulders pattern
SQQQ_SellMay want to sell SQQQ in a day or so due to conflicting bull candle before full bull candle today...Neutral
Possible Recovery Ahead! $SQQQ AnalysisThere might be a sign of hope in the near future!
$SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here.
$SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine rollout success and employment levels rising can start to show signs of true economic recovery, not just within the stock market.
Time will tell in regards to what happens in the short term, but I personally see another rally once more people receive their vaccines and we return back to the workforce as usual.
GLTA!
Shorts too high - Bear trap on stocks50 MA tested, like 12. sep and 02. nov. and went back down.
RSI overbought, like 10 year bond.
Shorts will drop in coming weeks and long stock market.
bullish on stock
Bulls and BearsI recently closed out my SQQQ position. I walked away with a 12% gain in three days. Could it have been more, of course. The market started to bounce and I was giving back my gains, then I remembered...
Pigs get Slaughtered
As you can see the Nasdaq is coming into it's trend line support, I am going to sleep on this one and trade it. We could be setting up one heck of a squeeze or we could be walking off a cliff to the 12,000 area.
$SQQ Proshares Ultra Short ETF. Inverted head and shouldersWith the recent selloff on the Nasdaq this ETF looks like it's building an inverted head and shoulders. Neckline of $15 can be watched. A break could signal a move up to $17.90. This ETF is 3x leveraged, so be aware of the risk in buying this. I have a position and looking to add with weakness.
SQQQ reaches top of channel, possible breakoutSQQQ hasn't broken out since October when we had a correction. There was about a 15% upside above the channel when that last occurred.
The nasdaq has a slight bubble, protect the downside with SQQQThis is not investment advice, do your own homework and evaluate how much you can tolerate risking.
SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of multiples.
SQQQ provides the perfect protection to these lofty tech stocks as VOLQ is not available on most platforms. VOLQ is the NASDAQ's Vix, which would be my preferred way of protection for the downside but unfortunately is not available for trade on the brokerages I use.
So essentially for every 1% that the QQQ (proxy for the NASDAQ:NDX ) falls, SQQQ rises by 3%. Since it is so heavily inversely correlated, it makes for a great hedge.
When implementing a strategy such as this into your portfolio, I would recommend starting with a meager 1-3% position and no more than 5%. Another solid alternative strategy that is a good permanent piece of a stable portfolio is a market neutral fund.
First time SQQQ above linear regression channel since Nov 10thJust an interesting observation. SQQQ has been in a very tight linear regression channel sine November. Today was the first time that it made a clear close above this channel. Could just be a good opportunity to buy NDX or it could be a more bearish sign for the NDX.
SQQQ - LONG"when" the market tanks I expect this to somewhat keep me a float. I anticipate this to be a good hedging strategy for the upcoming times.
SQQQSQQQ, What I watch for to put on a hedge. Blue arrow points to when SQQQ starts to outperform. Currently sqqq is underperforming. These hedges rarely work, but when they do, its worth it.
$SQQQ$sqqq might be a great buy tomorrow. Keep an eye on it. When $qqq hits the 330 ATH, see if it hits resistance.
SQQQ Rising Soon Wave pattern following nicely on QQQ, .786 FIB retrace just hit on SQQQ & QQQ
Pattern says drop on QQQ/rise on SQQQ due
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
SQQQ: Are we going to break 14.90 or another short opportunity
The trend is still down but could change if prices break and hold above 14.90. It could also head back down to 14.20 and 13 if it fails to hold above 14.90
SQQQ Long At 52 LowsSQQQ We just got LONG this name after hours at very near 52 week lows as a rule we would not recommend these etf' but feel the techs are over bought - we'll see. Not advice. Be careful with this one.
SQQQ - You are hereI've surmised about SQQQ and HDGE before but just to reflect... We will soon be one year and 12x away from the last peak in SQQQ. How much longer can this bull run go before a significant setback? When Kramer says 'buy buy buy' that's when we head for the exits? Or else, this is just wishful thinking? You decide.
$SQQQ 1hr-Update of $sqq cup and handle.
Currently sitting at POC. Long above 15.49 via 15.5 1/22 calls, short via puts 15.5 1/29
$SQQQInteresting look here on the 30 min. Cup and handle forming. Looking for a move back to 15.41. If we can move above 15.41 then looking for a move to 16.10.
Proshare Trust ETF: Time to Watch:USABy Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
