Investor Alert

New York Markets Open in:

May 23, 2022, 6:50 p.m. EDT

How To Trade Powershares Qqq QQQ

May 23, 2022 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Powershares Qqq (NAS:QQQ) with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for QQQ change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Use the basic rules of Technical Analysis. Here are some examples: if QQQ is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for QQQ too. All of these are offered here: Access our Real Time Trading Plans

  • NONE.

  • Short QQQ under 313.16, target n/a, stop loss @ 314.06

  • Buy QQQ over 291.95, target 313.16, Stop Loss @ 291.11

  • Short QQQ near 291.95, target 280.73, Stop Loss @ 292.79.

  • Buy QQQ over 291.95, target 313.16, Stop Loss @ 291.27

  • Short QQQ near 291.95, target 289.17, Stop Loss @ 292.63.

QQQ Technical Summary | Raw Data for the Trading Plans

Bias Weak Weak Neutral
P1 0 0 313.16
P2 280.12 280.73 347.71
P3 289.17 291.95 382.39


Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Link to MarketWatch's Slice.