I wish I had the discipline to trade the triple leveraged ETFs, TQQQ and SQQQ, based on my QQQ short term trend count.
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Blog: Day 13 of $QQQ short term down-trend; TESLA and GOOGL had BWR down-trends in their daily modified Guppy charts and swooned tonight. A BWR down-trend may predict bad earnings news. See their charts and NFLX.
Stocks often top out before their earnings do. It may be a good idea to check a daily modified Guppy chart before holding through earnings. TSLA and GOOGL declined tonight after market when their earnings were released. Look at their charts. Both have their red, shorter term, averages declining below their blue, longer term averages, with a white space separating them, hence, BWR down-trends. I showed you recently that NFLX also did, see charts below.
Blog Post: Day 24 of $QQQ short term down-trend; $SPY and $DIA join $QQQ in daily BWR down-trends. Staying long now is fighting the market’s trend. See also what a daily RWB up-trend looked like for $QQQ that began in May, 2025. That is the pattern to be long.
When the shorter averages (red) decline below the longer term averages (blue) leaving a white space between them, it is a daily BWR down-trend. I will not hold long positions except money market funds or treasury ETFs (TBIL). Dotted line shows daily closes. This is my modified Guppy chart based on Daryl Guppy’s GMMA indicator. Guppy’s book is listed on this blog.
Note what a daily RWB up-trend looked like beginning last May. Ignore the news and opinions and let the market guide our trading.
