When Powershares Qqq ($QQQ) Moves Investors should Listen

April 13, 2023, 00:45 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQ

• Buy QQQ slightly over 309.54 target n/a stop loss @ 308.65. Details

The technical summary data tells us to buy QQQ near 309.54, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 308.65 to protect against excessive loss in case the stock begins to move against the trade. 309.54 is the first level of support below 313.04, and by rule, any test of support is a buy signal. In this case, if support 309.54 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for QQQ

• Buy QQQ slightly over 314.85, target 322.42, Stop Loss @ 313.94 Details

If 314.85 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 314.85, with an upside target of 322.42. The data also tells us to set a stop loss @ 313.94 in case the stock turns against the trade. 314.85 is the first level of resistance above 313.04, and by rule, any break above resistance is a buy signal. In this case, 314.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short QQQ slightly near 314.85, target 309.54, Stop Loss @ 315.76. Details

The technical summary data is suggesting a short of QQQ if it tests 314.85 with a downside target of 309.54. We should have a stop loss in place at 315.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 314.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for QQQ

• Buy QQQ slightly over 314.37, target 314.85, Stop Loss @ 313.64 Details

If 314.37 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 314.37, with an upside target of 314.85. The data also tells us to set a stop loss @ 313.64 in case the stock turns against the trade. 314.37 is the first level of resistance above 313.04, and by rule, any break above resistance is a buy signal. In this case, 314.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short QQQ slightly near 314.37, target 309.54, Stop Loss @ 315.1. Details

The technical summary data is suggesting a short of QQQ if it tests 314.37 with a downside target of 309.54. We should have a stop loss in place at 315.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 314.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Powershares Qqq (QQQ) available here: QQQ.

QQQ Ratings for April 13:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	261.00
P2	314.37	314.85	285.48
P3	317.39	322.42	309.54

AI Generated Signals for QQQ

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Powershares Qqq (NYSE: QQQ) report below is a real world example. Included are trading plans for QQQ, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.