Trading Strategy – Invesco QQQ Trust Series I

One of the noteworthy developments in recent days has been the move in large-cap tech stocks.  Shares of Facebook and Netflix fell 2.2 percent and 5.7 percent, respectively. Amazon declined 2.1 percent while Google-parent Alphabet fell 1.8 percent. The Invesco QQQ Trust Series I (QQQ) notched a three-day drop of 4.2 percent, the biggest lost since late April, bringing its YTD gains down to 12.4 percent.  Now the question is whether recent selloff is a pause that refreshes or it’s a beginning of something worse?  Below is an update look at a trade in QQQ.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – Invesco QQQ Trust Series I (weekly)

Our “U.S. Market Trading Map” painted QQQ bars in red (sell) – see area ‘A’ in the chart.  After a strong run of outperformance since late June, QQQ peaked last week at 182.93 and rolled over.  This week’s downside follow-through confirmed last week’s bearish reversal signal.  This is a negative development…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.


This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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