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Post by FD1000 on Jan 14, 2021 16:44:48 GMT
QQQE=Direxion NASDAQ-100 Equal Weighted Index Shares, see 3 months performance below. Attachments:
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Post by Chahta on Jan 14, 2021 18:41:24 GMT
![]() Add QQQJ and the chart is even better. I owned QQQJ for several months but sold it the beginning of the year. I admit a little too soon.  |
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Post by Norbert on Jan 14, 2021 19:23:10 GMT
![]() Add QQQJ and the chart is even better. I owned QQQJ for several months but sold it the beginning of the year. I admit a little too soon. View AttachmentQQQJ? What exactly is this? Why should we buy it now? |
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Post by FD1000 on Jan 14, 2021 19:26:43 GMT
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Post by helmut on Jan 14, 2021 19:52:20 GMT
QQQE=Direxion NASDAQ-100 Equal Weighted Index Shares, see 3 months performance below.FD1000I'm not sure what your motive is with this chart but I don't think three months gives a very broad view. A longer lookhelmut
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Post by richardsok on Jan 14, 2021 20:41:22 GMT
Hello Norbert --
I agree with Chahta. For my purposes QQQJ is the better ETF because it is a lower volatility trading asset. Check the three-month QQQJ chart and apply your basic Parabolic SAR trading indicator (PSAR). Price swings are modest. "Sell" and "buy" signals are relatively timely and tend to be relatively extended. If PSAR isn't your cup of tea, you can overlay a 15-day simple moving average and use it for your action trigger instead. Either way you're making gains, avoiding losses, saving yourself from emotional trades, and minimizing whiplash costs. With other ETFs, chart zig-zags are sharper, more frequent and whiplash costs are greater..... as far as I can discern.
Yes, it is true the 3-month chart doesn't give a broad view -- but we already know what that is -- it is high, VERY high. With prices up in the nosebleed gallery, I prefer staying abreast of what my asset is doing NOW.... and hitting the silk when the red bulb blinks.
Other decent alternatives are SDIV and VEU, for similar reasons. (I have used bearish RWM for downside protection in the past. Of course, I own none of it now because all of my indicators are flashing "avoid".) These are the only broad-based ETFs that I use.
No recommendations here; just FWIW opinions & chat. Stay safe.
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Post by Chahta on Jan 14, 2021 22:43:41 GMT
![]() Add QQQJ and the chart is even better. I owned QQQJ for several months but sold it the beginning of the year. I admit a little too soon. View AttachmentQQQJ? What exactly is this? Why should we buy it now? Not sure I would be buying it now. In fact I sold last week working equities down a little, but I will buy again. My non-technical eyes tell me it has show great resilience beating the QQQ for the last 3 months. It seems to run contrary to the NASDAQ. |
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Post by Chahta on Jan 14, 2021 22:55:03 GMT
QQQE=Direxion NASDAQ-100 Equal Weighted Index Shares, see 3 months performance below.FD1000 I'm not sure what your motive is with this chart but I don't think three months gives a very broad view. A longer lookhelmut Being a trader type of investor, he is more in tune with the current behavior. |
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