(QQXT) Pivots Trading Plans and Risk Controls

June 14, 2024, 04:58 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQXT

• Buy QQXT slightly over 85.5 target 89.1 stop loss @ 85.25 Details

The technical summary data tells us to buy QQXT near 85.5 with an upside target of 89.1. This data also tells us to set a stop loss @ 85.25 to protect against excessive loss in case the stock begins to move against the trade. 85.5 is the first level of support below 88.0326 , and by rule, any test of support is a buy signal. In this case, support 85.5 would be being tested, so a buy signal would exist.

• Short QQXT slightly under 89.1, target 85.5, stop loss @ 89.36 Details

The technical summary data is suggesting a short of QQXT as it gets near 89.1 with a downside target of 85.5. We should have a stop loss in place at 89.36though. 89.1 is the first level of resistance above 88.0326, and by rule, any test of resistance is a short signal. In this case, if resistance 89.1 is being tested, so a short signal would exist.

Swing Trading Plans for QQXT

• Buy QQXT slightly over 88.27, target 89.1, Stop Loss @ 88.02 Details

If 88.27 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 88.27, with an upside target of 89.1. The data also tells us to set a stop loss @ 88.02 in case the stock turns against the trade. 88.27 is the first level of resistance above 88.0326, and by rule, any break above resistance is a buy signal. In this case, 88.27, 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 QQXT slightly near 88.27, target 85.5, Stop Loss @ 88.52. Details

The technical summary data is suggesting a short of QQXT if it tests 88.27 with a downside target of 85.5. We should have a stop loss in place at 88.52 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, 88.27, 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 QQXT

• Buy QQXT slightly over 88.35, target 89.1, Stop Loss @ 88.14 Details

If 88.35 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 88.35, with an upside target of 89.1. The data also tells us to set a stop loss @ 88.14 in case the stock turns against the trade. 88.35 is the first level of resistance above 88.0326, and by rule, any break above resistance is a buy signal. In this case, 88.35, 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 QQXT slightly near 88.35, target 87.68, Stop Loss @ 88.56. Details

The technical summary data is suggesting a short of QQXT if it tests 88.35 with a downside target of 87.68. We should have a stop loss in place at 88.56 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, 88.35, 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 First Trust Nasdaq-100 Ex-tech Sector Index Fd (QQXT) available here: QQXT.

QQXT Ratings for June 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	85.5
P2	87.68	88.27	89.1
P3	88.35	89.49	92.34

AI Generated Signals for QQXT

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This First Trust Nasdaq-100 Ex-tech Sector Index Fd (NASDAQ: QQXT) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for QQXT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if QQXT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for QQXT too.  All of these are offered below the Summary Table.