Click here for Signal Trades spreadsheet. Updates 11:45 PM ET - Sunday Per our trade plan discussed pre-market (see further below), we've entered TZA and TQQQ. Updates 11:45 PM ET - Sunday This week is all about job data, culminating in the NFP (Non-Farm Payroll) report on Friday. Volatility in a steady drop VIX VVIX VX UVXY are all steadily marching down. This is quite supportive of equity right now. While we may see VX spike up a bit during the week to R1 resistance at 15.5, it is unlikely to surpass this level. In fact VX is likely to reach S1 support 14.5 fairly soon. NQ TQQQ Last Tuesday Nov 26, we observed that NQ signals were becoming muddled. So we decided to take profits ahead of PCE report. By Friday Nov 29, NQ 4-hour chart below showed its MACD cyan line crossing back above its orange signal line. This gives us permission to look for an opportunity to re-enter bull NQ position. Bulls should monitor NQ for a dip back into the support zone 20711 - 20806. If NQ finds enough support in this zone, it can climb up to reach R1 at 21300 fairly quickly. TQQQ will follow in NQ path.
SOXL SOXL 1-hour chart below shows that on Wednesday Nov 27, SOXL MACD cyan line crossed back above its orange signal line. This tells us SOXL is likely to follow NQ bullish path.
RTY TNA TZA RTY 4-hour chart below shows that on Monday Nov 25, RTY MACD cyan line crossed below its orange signal line. This gives us permission to monitor TZA for a low-risk entry to capture a quick rise in TZA while RTY TNA dip quickly. TZA
Our personal trade plan Last Wednesday Nov 27, we entered TZA position but got stopped out on Friday at breakeven (9.93). We re-entered TZA per alert at 9.96. Our goal is to hold until it reaches 11. We are also monitoring to re-enter TQQQ when it dips one more time in the support zone 76.35 - 77 at the start of the week. Click here for Signal Trades spreadsheet. Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our trades.
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