TradingETFscom

TradingETFscom

The chart shows the number of stocks above their 200 dma versus the Nasdaq Composite index and you could see the very negative divergence growing wider and wider. Big tech is hiding the extreme bearish market underneath the surface. This is coming to a point of a very fast sharp crash. If you look at the QQQ ETF you will notice that AAPL is over 11% of the QQQ...

TradingETFscom

This chart is the monthly chart of % of stocks above their 200 Day Moving Average and when it gets to these levels the market will reverse direction. Greed is at extreme and the RISK greatly outweighs the potential return on a portfolio. Now would be the time to tighten up stop losses, reduce positions or outright sell positions as the market is vulnerable to...

TradingETFscom

QQQ looks very weak here and our LT Oscillator (Blue Dots) are suggesting a much bigger move to the downside is coming.

03:11

TradingETFscom

We have given an update to our trading idea back on March 9, 2020. XOP is on the verge of a BUY Signal and an explosive move to the upside could be about to happen.

TradingETFscom

We provided a market update video on our site at TradingETFs dot com on a range of ETF's and a few stocks. Our Long Term Oscillator is on the verge of crossing above the zero line giving a BUY signal.

03:51

TradingETFscom

The XOP ETF has been shattered and we have gone below levels back to 2008-09 on our Short Term Oscillator. This sets up a potential snap back rally as the rubber band has been stretched to the downside to an extreme level. We don't give financial advice so please do your own research.

TradingETFscom

We posted an article on Feb 10th 2020 on our site called "How to Avoid Big Losses Trading TQQQ ETF". We said the TQQQ ETF was at extreme levels above the Weekly 200 DMA and that we ultimately expected a move down to the 200 DMA. We have now hit that target.

TradingETFscom

The DIA (Monthly Chart so far) has now broken the 2018 lows and a quick Flush down may be coming within days!

TradingETFscom

We posted this chart back on Feb 28th (see related ideas chart) and we said that we were looking for the number of stocks below their 200 DMA to hit the lows of 2018 before we see a Short Term Bottom. We are now in this area as you can see in the chart (white parallel lines). We are now looking to put Long trades on over the next 1-3 days.

TradingETFscom Updated 

This Dow Jones Futures chart has broken out of the triangle wedge pattern and we posted 5 charts with our analysis on our website.

TradingETFscom

We have overlapped our oscillator on top of price and our oscillator is still declining despite the bounce from the last few days. This will not last long so either price catches down to the oscillator or price needs to explode higher to pull the oscillator higher.

01:50

TradingETFscom

Our Proprietary Oscillator has moved down below the zero line and the lower Bollinger Band continues to move down which would suggest that the TQQQ is going to turn back down.

01:54

TradingETFscom

We give our comments on a short term chart on the SPY and what level needs to hold and what happens if it doesn't hold.

TradingETFscom

Crashes occur when markets are already oversold so there could be more downside from here. One of the indicators we look at is the percentage of stocks above their 200 day moving average to determine if we've hit a short term bottom. As you can see in the chart we entered 2 lines where stocks could be considered extremely oversold. There isn't one indicator...

TradingETFscom

We wrote an article on our website and posted here on TradingView that the VXX looked ready for a big move to the upside. The VXX has hit the price target we suggested at $22. A more detailed analysis of this trade is on our website titled "Trading ETFs While Volatility Explodes Higher".

TradingETFscom Updated 

For this analysis we overlay our Proprietary Oscillator over the price chart and we can see a pretty large positive divergence. We are looking for price to run up to possibly the $22 range and have written a pretty extensive article on our site.

TradingETFscom

THIS IS NOT FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH THE QQQ IS ON THE VERGE OF A SELL SIGNAL (RED ARROW) IF PRICE CLOSES AT OR BELOW THE CURRENT PRICE. NASDAQ:QQQ

TradingETFscom

This is not FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH! Despite the face ripping rally yesterday SPY generated a SELL signal (RED ARROW) and has given back all the gains from yesterday.