The SW Mobile App is under going maintenance and will see some downtime. As as a back-up, we’ll be sending trade notifications via SMS if it’s not back up by the time we put on our next trades.
Administrative Updates: SW Mobile App Downtime & SMS Trade Notifications Read Post »
The QQQ has pulled back 5.4% from its highs which will require a larger segment for the QQQ just to get back to the highs. That’s a huge indiction that the market has topped.
QQQ Likely to Rebound at $600; But the Rally is Likely Over As Sell-off Extends to 5.4% Read Post »
QQQ makes rare second push down to fill the $610-$615 gap as it reaches deeply oversold for a second time. The segment pull-back has reached our target -4%.
QQQ reached oversold territory yesterday and is due to bounce. Should see a second leg lower after a near-term rebound.
Second leg Lower Likely To Follow After Oversold Bounce to Fill $610-Gap Read Post »
The most recent segment from $589 to $637 on the QQQ has ended with a 2.45% pull-back from peak to trough. The QQQ did not reach oversold or close to it. We should see a second leg lower in the segment to oversold.
Segment Pull-Back underway with QQQ Having Pulled Back 2.45% From Its Highs Read Post »
As a reminder, we’re at the end of the segment here. Originally our expectation was for the QQQ to peak somewhere between $640-$646. However, the current action suggests we may have already topped at $637.
The market should see one last move toward $640 before we get a larger sell-off. But today’s trading action and what we open on Monday suggests we may already be on that pull-back.
One Last Move higher in the QQQ Ahead of 4-5% Pull-Back from Highs; Segment Likely Over Read Post »
Once the QQQ reached $617, we forecasted the QQQ would make an immediate move up to $630, breakout to a peak up to around $638 based on overbought indicators and that we’d see this pull-back to $628. History tells us exactly what comes next.
With the Fed set to deliver its decision on interest rates, the QQQ has reached that 8% on the segment indicating we’re at a peak near-term. A 4-5% pull-backs sits right around the corner.
Fed Day Arrives as QQQ Segment Reaches past 8% Read Post »
The QQQ is doing what it has always done on century breakout. We’ve seen all of this before. Move up to $630 was easily predictable after the break of $613. We’re there now. We discuss how we plan to trade it.