QQQ - Awaiting the Exit on MACD down

2023年5月23日

Technicals:
1. RSI has already moved to overbought
2. MACD is peaking

Fundamentals:
1. USD Debt Ceiling Resolution

Strategy:
I will be exiting when:
MACD makes 2 days consecutive dips

2023年5月23日

交易結束：目標達成

test

2023年5月23日

交易進行

we are about to get the first down MACD candle at close of business NY today.
we will look for the second one tomorrow.

2023年5月25日

交易進行

Technicals:
1. we have our 2nd down MACD candle at EOD

Fundamentals:
1. USD Debt Ceiling still in limbo with breach eta 1 June (Yellen)

Action:
1. closely observing today's opening and ready to exit

2023年5月25日

交易結束：目標達成

Technicals:
1. Observed price action on opening candle
2. MACD would make a 3rd down at this point

Action:
There could be more upside for TQQQ but I do not see much, at most to $35 (based on symmetry of last bottom to peak). I decided to close at $31.93 at about 945am EST.

Summary:
The purchase of 100 shares of TQQQ on 20 Jan 2023 at 21.57 and closed on 25 May 2023 at $31.93, yielded $1014 (including deduction of brokerage fees of $44) or 47% return (including deduction of brokerage fees of $44).