JC Parets’ Chart Alerts | Trade Stocks

Chart Alerts

Actionable insights from the world’s most data-driven market analyst.

Featuring Author JC Parets, Founder of All Star Charts

Nasdaq ETF (QQQ)

With such a historic bull run going on, our weekly trades our almost always long. But today, we’re looking at selling instead of buying. Specifically, today’s Chart of the Week is shorting the Nasdaq ETF (QQQ). We’re seeing fewer new 52 week highs.  The advance decline line shows that breadth is deteriorating. And the risk to reward is heavily skewed in our favor if the QQQ is below that 336 level. Above that, we’re sitting it out. But below 336, we are short and covering at 275. Til next week, good trading, JC Parets Sponsored Ad Free Training: 60-Minutes to Trading Freedom Would you like to make more money in one hour of fun trading than working all day at …

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