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.
SQQQ trade ideas
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
great hedge to the upcoming stock market crash/reset I think SQQQ is a great hedge on this crazy bull run of the stock market. We are at low levels and we will proceed to do an umbrella to the high. Small investment will generate huge returns on the next upcoming months coming up. (12-24 months.)
SQQQ obviously keeps hitting all time lows.I've been charting SQQQ in its downward slide for some time. How low can it go?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Periodic touches provide some opportunityWe touched the trend line for a decent profit. SQQQ tends to turn around quickly in this market as the bulls just want to keep going. So if you want your profit when this occurs, set your limits and take it while you can.
Setting up for a tech bubble burst in JanuaryPulling back here, but I don't think the top is in yet. A couple more weeks
SQQQ as a hedge to long positionsVery liquid with tight spreads. Volumes have been visibly higher. Target 30ish.
An alternative idea to short TQQQ (not sure if it's shortable?)
Touching trend linesSQQQ was a good short term play to offset some of my (day) losses. We are touching some trend line (areas) and SQQQ is continuing downward. I'm not a perfect trend line creator, but the trends give me something to aim towards.
Going Long the SQQQ to leverage the move The SQQQ offers a 3x move on the underlying SP, this will give a little more leverage as options are so unpredictable. My strategy as published on the E Mini trade is based upon investor sentiment being so high with the small investor and so low with the large institutional investor.
SQQQ Starting to look interestingNice tool to hedge a portfolio. Take note of the 3x gearing. Starting to look interesting. Breaking back into falling wedge today.
