We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.
Updates 2:45 AM EST - Friday 11/5/21
Volatility >> bullish
$VIX $VXN $RVX are showing similar chart patterns:
Advance-Decline Net Issues >> bullish
NYSE and Nasdaq A/D lines are still above their 200-hour EMA on their cumulative hourly charts. Overall message is still bullish.
Seasonality >> bullish
Statistically, this is a bullish period of the trading year.
Positive gamma >> bullish
Gamma is positive right now for $SPX $NDX IWM. This means that dealers are hedging their books by buying into weakness, and selling into strength. The net effect is supportive of a steady march upward, without outsize swings.
Short-term Key Levels
$NDX QQQ TQQQ have been updated. All other are the same.
Subscribe to get our trade plan and live intraday trades.
Trade record here (281% gain in 15 months).
Take advantage of introductory low rate of only $39 per month!