Qqq


 

Markets rebounded on Monday, and one trader believes it's a sign the bull market will rage on.

On CNBC's "Trading Nation" Monday, Gordon took a look at the Nasdaq-tracking ETF (QQQ).

believes call Gordon market Monday NASDAQ pullback QQQ Sept trader

 

SPY Trends and Influencers August 12, 2017 [0.07]

Posted on Aug. 12, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the first full week of August that equity markets were settling and marking time near their highs.

The SPY started the week like it ended the last one, in a tight range.

bias charts equity higher index IWM lower pullback QQQ SPY

 

SPY Trends and Influencers August 5, 2017 [0.07]

Posted on Aug. 5, 2017, 2:56 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted as the last full week of July ended and the markets looked to face the dog days of August, equity markets had been knocked back by an unexpected jab punch, shocked but not really damaged.

The week played out with Gold ($GLD) finding resistance and stalling while Crude Oil ($USO) also met sellers and stalled.

bias higher dollar equity Gold higher index IWM market QQQ SPY

 

Nasdaq Thursday closed down 40 points at 6,382, significant to technicians because it fell below Wednesday's low of 6,416, after shooting into record territory on the open. Nasdaq Wednesday had set a third record close in a row.

closed fell NASDAQ QQQ Record Redler reversal significant Thursday Wednesday

 

Big Dow Outperformance [0.09]

Posted on July 25, 2017, 1:47 p.m. by Bespoke Investment Goup @ [source]

Thanks to some relatively disappointing earnings results from companies in the Tech sector (Alphabet-GOOGL and Seagate-STX) and positive results from Caterpillar (CAT) and McDonald’s (MCD), the Dow spiked higher at the open while the Nasdaq 100 opened lower. More importantly, though, all but one (8/24/15) of these occurrences came at the heart of various earnings seasons and suggests that moves like this are generally a short term phenomenon resulting from the flood of earnings reports rather than a sign of a longer term type of rotation.

companies DIA disappointing divergence earnings outperformed QQQ results shown tech

 

SPY Trends and Influencers July 15, 2017 [0.07]

Posted on July 15, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the last quiet week before earnings season that the equity markets had weathered a short term drizzle (SPY and IWM) or mild rainstorm (QQQ) and looked solid on the longer timeframe.

The week played out with Gold starting the week lower but quickly rebounded to end the week up while Crude Oil also found support Monday and reversed during the week.

continued equity higher index IWM looked lower QQQ SPY timeframe

 

Monday's tech bounce was a relief for investors after a volatile week for the sector, but Carter Worth's charts suggest that the good news could be short-lived.

Despite a modest advance Monday, the tech heavy Nasdaq 100 is down 4 percent from its high last month, and the Cornerstone Macro technician is making the case for another 5 percent drop to come.

channel drop ETF fall Monday NASDAQ QQQ tech technician worth

 

SPY Trends and Influencers July 8, 2017 [0.08]

Posted on July 8, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted after tying up the second quarter and heading into the Fourth of July Holiday Weekend, equities had held up well, but with a first crack in the armor for the QQQ.

Heading into the last quiet week before earnings season the equity markets have weathered a short term drizzle (SPY and IWM) or mild rainstorm (QQQ) and look solid on the longer timeframe.

charts continue continued equity higher index lower QQQ SPY IWM timeframe

 

SPY Trends and Influencers July 1, 2017 [0.10]

Posted on July 1, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the end of the second Quarter of the year, the equity markets remained strong on both timeframes and poised for more upside. Their charts looked stronger on the weekly timeframe than the shorter one.

consolidation equity higher index looked lower QQQ SPY strong timeframe

 

SPY Trends and Influencers June 24, 2017 [0.08]

Posted on June 24, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted that with Options Expiration and the June FOMC meeting in the rear view mirror equities looked to emerge on the other side mainly unscathed.

The week played out with Gold starting lower and quickly finding support before rebounding to end the week nearly unchanged while Crude Oil continued to move lower.

consolidation continue higher index IWM lower QQQ remain SPY timeframe

 

Each week we typically provide an update on asset class performance, and below is a look at how various areas of financial markets have performed recently. In the matrix below we use ETFs traded on US exchanges to track performance, which we look at on a total return basis over the last week, quarter-to-date, and year-to-date.

date equity ETF financial market matrix performance QQQ to year

 

SPY Trends and Influencers June 17, 2017 [0.05]

Posted on June 17, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators saw equities mixed heading into the June Options Expiration Week, with the IWM and SPY looking strong but the QQQ weak as there was rotation out of the QQQ and into IWM. The move comes off of the upper Bollinger Band® and remains inside the last up candle so far.

consolidation continued FOMC higher index IWM lower QQQ SPY volatility

 

Your first trade for Thursday, June 15 [0.08]

Posted on June 15, 2017, 1:19 p.m. by Fast Money @ [source]

The "Fast Money" traders gave their final trades of the day.

Tim Seymour is a buyer of Alibaba (BABA).

Adami buyer David Guy INTC opinions QQQ Seaburg Seymour Tim

 

We have all seen the puzzles either when we were kids or even now taking our kids out to dinner on their kids meal menus.

The stock market often gives us similar puzzles to solve.

bullish buyers candle higher Kids NASDAQ puzzles QQQ reversal Volume

 

As big technology stocks like Apple, Amazon and Microsoft logged two straight days of declines and technology lagged as the worst-performing sector, one trader is betting on further downside for the stock that's had the largest negative effect on the market: Apple.

To capitalize on what Gordon sees as a likely move down to the $140 mark, he looks to the options market to buy the July 7 weekly 145-strike puts, and sell the July 7 weekly 140-strike puts, for a total cost of $1.86, or $186 per options contract.

Apple Gordon July market Monday NASDAQ QQQ relative stock tech

 

The Difference in this Pullback in the Nasdaq 100 [0.11]

Posted on June 13, 2017, 12:19 p.m. by Dragonfly Capital @ [source]

We have all seen the puzzles either when we were kids or even now taking our kids out to dinner on their kids meal menus.

The stock market often gives us similar puzzles to solve.

bullish buyers candle higher Kids NASDAQ puzzles QQQ reversal Volume

 

Backing out all of the information we think we know like persistently over bullish sentiment, over valuation by many metrics, including the Citi Economic Surprise index and Yardeni’s home cooked fundamental stew, margin debt rising to new highs and big picture overbought status… taking all of that out of the equation on the stock market in general, QQQ in particular is at what someone who’s just got to have tech would consider a buying opportunity.

Take a limited-time free trial to the full NFTRH service, which includes a weekly report that covers all major markets and market indicators, is loaded with individual stock charts and includes in-week market updates and NFTRH+ trade updates.

bonds buying free higher market NFTRH QQQ seasonal stock update

 

As I pledged on Friday, after my feckless (albeit profitable) dumping of QQQ (NASDAQ: ) puts, the NASDAQ is doomed at this point.

In any case, we can all rest assured that my exit from those QQQ puts will make me feel even more distressed and hapless than ever.

albeit doomed dumping feckless Friday NASDAQ pledged profit puts QQQ

 

4 Trades to Ride Amgen Higher: Bonus Idea [0.12]

Posted on June 12, 2017, 11:39 a.m. by Dragonfly Capital @ [source]

Amgen, $AMGN, started to run higher in November reaching a peak in March. Since that low the stock price has been moving higher and ended the week at resistance.

call higher interest IWM July lower put QQQ side spread

 

Biogen, BIIB, stalled just short of 300 in March and moved lower to support. Their charts show strength in the IWM and consolidation in the SPY short term with the QQQ looking diseased.

Friday higher IWM lower moved participate QQQ resistance rising RSI