Trading (QQQ) With Integrated Risk Controls

September 16, 2024, 10:52 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQ

• Buy QQQ slightly over 461.89 target 487.78 stop loss @ 460.56 Details

The technical summary data tells us to buy QQQ near 461.89 with an upside target of 487.78. This data also tells us to set a stop loss @ 460.56 to protect against excessive loss in case the stock begins to move against the trade. 461.89 is the first level of support below 471.14 , and by rule, any test of support is a buy signal. In this case, support 461.89 would be being tested, so a buy signal would exist.

• Short QQQ slightly under 487.78, target 461.89, stop loss @ 489.19 Details

The technical summary data is suggesting a short of QQQ as it gets near 487.78 with a downside target of 461.89. We should have a stop loss in place at 489.19though. 487.78 is the first level of resistance above 471.14, and by rule, any test of resistance is a short signal. In this case, if resistance 487.78 is being tested, so a short signal would exist.

Swing Trading Plans for QQQ

• Buy QQQ slightly over 487.78, target 511, Stop Loss @ 486.37 Details

If 487.78 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 487.78, with an upside target of 511. The data also tells us to set a stop loss @ 486.37 in case the stock turns against the trade. 487.78 is the first level of resistance above 471.14, and by rule, any break above resistance is a buy signal. In this case, 487.78, 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 487.78, target 470.38, Stop Loss @ 489.19. Details

The technical summary data is suggesting a short of QQQ if it tests 487.78 with a downside target of 470.38. We should have a stop loss in place at 489.19 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, 487.78, 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 474.55, target 480.67, Stop Loss @ 473.44 Details

If 474.55 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 474.55, with an upside target of 480.67. The data also tells us to set a stop loss @ 473.44 in case the stock turns against the trade. 474.55 is the first level of resistance above 471.14, and by rule, any break above resistance is a buy signal. In this case, 474.55, 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 474.55, target 470.38, Stop Loss @ 475.66. Details

The technical summary data is suggesting a short of QQQ if it tests 474.55 with a downside target of 470.38. We should have a stop loss in place at 475.66 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, 474.55, 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 September 16:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	461.89
P2	474.55	451.84	487.78
P3	480.67	470.38	511

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.