4/6/2019 Stocks continue upwards march towards new highs. We have broken above local resistance and I suspect we move higher in the next few weeks.

Category1 1 Minute

Hi everyone. Despite my bearish calls in the last few months, stocks continue marching higher. 

QQQ has broken above the high from 2 weeks ago, so I think we will move higher.

If you want a lower risk trade, I recommend shorting DIA (the Dow Jones), while buying QQQ. This pairs trade capitalizes on technology stocks outperforming the Dow Jones. 

QQQ Weekly 4_6_2019

QQQ has strong upwards momentum on the weekly chart. 

Published by bigfry

Hi, I’m Nathan. I graduated from Boston University in 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of stock trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, watching anime, and playing poker (NL Texas Hold 'em).

Published

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s