What’s Up With the QQQs?
Let’s talk about the Invesco QQQ Trust (QQQ) chart. We have several things happening on this daily chart. The moves on October 2nd and 6th created runaway gaps which tells us this uptrend is intact. But that isn’t what happened. The $14,000 MIT "Pencil Trick" Wall Street Forgot Ex-CBOE pit trader Licia Leslie reveals the […]
Monday Could Change Everything for the Qs
Hi shoppers, Licia here with your Profits in Pumps, video edition this week. Same great content, just delivered a little differently. Let's talk about the Invesco QQQ Trust (QQQ), because Monday's action is going to matter. Why Monday's Open Is the Moment of Truth Going into Friday, QQQ had a clean bull flag working. Price […]
Are Bond Yields Topping?
Hey Shoppers, We may be seeing some relief in the bond yield rally. Long-term yields have run hard. On Thursday, the 30-year Treasury yield pushed up near 5.69% intraday, a level we haven't seen in more than 20 years, then reversed and closed around 5.60%. Here's the United States 30-Year Government Bond Yield chart: After […]
Calls or Puts on Monday?
Hi shoppers, I'm trying something different this week. I recorded a short video because what I'm watching on the QQQ makes more sense when you can see the chart. There's one price I need the Qs to hold on Monday. If they open below it and keep trading lower, a reversal pattern I really don't […]
The Sellers Ran Dry in America’s Biggest Bank
Hi Shoppers, I have a great trade idea for you for next week. JPMorgan Chase (JPM) has been sliding since mid-August. On Thursday, the sellers ran out of steam, and I like this stock for a rally next week. The drop started at the August 13 high of $366.50. By Thursday's low of $335.28, the […]
Mass Confusion Candle
Hi Shoppers, Surprised by the selloff? Well… we had a warning sign. We knew the market was following bond yields pretty closely. Did you see that highwave doji on the 30-year bond yield chart that Tuesday’s action created? Check it out: A regular doji signals uncertainty. In other words, who’s in charge? Bulls? Bears? The […]
Is It Safe to Enter?
Hi Shoppers, I recently went to a McDonald's with my parents for breakfast. I honestly can't remember my last visit. I do know I've made my last trip. I hated it! You had to order from the kiosk (here I go showing my age!). Not one person came around to help. The filthy drink station […]
We’re Going Lower
Hi Shoppers, Well… we’re headed lower. The S&P 500 futures are trading back below my median line which was support and is now resistance. The median line’s validity proven once again as it was the high on Tuesday with the futures honoring it and rolling lower: The futures are heading to the 50 day moving […]
Come Join the Fun!
Hi Traders, My Project Next members are hanging out in our chat room all day, and they're making more trades and more money than our official trades alone. We watch the trendlines and candlestick patterns on our five-minute charts and take what the market gives us. This week we caught a downdraft in XSP, picked […]
You Have Got to Try These!
Hi Shoppers, Nothing serious today. I just have to tell you about this great sweet treat we’ve discovered at Costco. Now I know not everyone likes coconut but I’m pretty sure everyone loves chocolate and these are delicious: They have good ingredients too: The only bad thing is you can’t stop eating them. Sooo gooood! […]