Trading (QQQ) With Integrated Risk Controls

August 21, 2024, 03:50 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQ

• Buy QQQ slightly over 458.74 target 483.67 stop loss @ 457.42 Details

The technical summary data tells us to buy QQQ near 458.74 with an upside target of 483.67. This data also tells us to set a stop loss @ 457.42 to protect against excessive loss in case the stock begins to move against the trade. 458.74 is the first level of support below 480.26 , and by rule, any test of support is a buy signal. In this case, support 458.74 would be being tested, so a buy signal would exist.

• Short QQQ slightly under 483.67, target 458.74, stop loss @ 485.07 Details

The technical summary data is suggesting a short of QQQ as it gets near 483.67 with a downside target of 458.74. We should have a stop loss in place at 485.07though. 483.67 is the first level of resistance above 480.26, and by rule, any test of resistance is a short signal. In this case, if resistance 483.67 is being tested, so a short signal would exist.

Swing Trading Plans for QQQ

• Buy QQQ slightly over 483.67, target 486.3, Stop Loss @ 482.27 Details

If 483.67 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 483.67, with an upside target of 486.3. The data also tells us to set a stop loss @ 482.27 in case the stock turns against the trade. 483.67 is the first level of resistance above 480.26, and by rule, any break above resistance is a buy signal. In this case, 483.67, 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 483.67, target 478.9, Stop Loss @ 485.07. Details

The technical summary data is suggesting a short of QQQ if it tests 483.67 with a downside target of 478.9. We should have a stop loss in place at 485.07 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, 483.67, 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 480.64, target 483.67, Stop Loss @ 479.52 Details

If 480.64 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 480.64, with an upside target of 483.67. The data also tells us to set a stop loss @ 479.52 in case the stock turns against the trade. 480.64 is the first level of resistance above 480.26, and by rule, any break above resistance is a buy signal. In this case, 480.64, 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 480.64, target 478.9, Stop Loss @ 481.76. Details

The technical summary data is suggesting a short of QQQ if it tests 480.64 with a downside target of 478.9. We should have a stop loss in place at 481.76 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, 480.64, 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 Invesco Qqq Trust (QQQ) available here: QQQ.

QQQ Ratings for August 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	458.74
P2	480.64	478.9	483.67
P3	486.16	486.3	505.91

AI Generated Signals for QQQ

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco Qqq Trust (NYSE: QQQ) report below can help you, but we have more details too. The trading plans for QQQ, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.