The BEAST Has Acted (And Thus Speaks)

Feb. 20, 2019 1:44 AM ETPAYC, QLD, TTD, UI, ANET
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Contributor Since 2008

Summary

  • NASDAQ about to breakout.
  • Conservative estimates 100-200 points imminent in the next few days.
  • UBNT Ubiquiti Networks. TWLO Twilio. TTD The Trade Desk. PAYC Paycom Software, Inc.   ANETArista Networks Inc Leading growth stocks.

When a Godzilla or KingKong is moving and running, it is common sense not to second guess what you see.

There is a trading maxim i learnt a few years ago - trade what you see and not what you think. at present it looks like its going to take off! 2 days the KingKong the beast called NASDAQ closed above its 200 days Simple Moving average

you see in the following charts - the first chart is OBV - On balance volume of QLD - DOUBLE NASDAQ 100 ..when on 10/04/2019 it was 53 million shares. Just yesterday we are 12 points below the close on 10/04 and we hit 53 million shares. Accumulation.

Secondly, look at the second chart of NQH19 futures contract. Incredible ascending triangle! Breakout imminent on NASDAQ.

other signs - Both S&P and DOW Jones have easily surpassed the 200 day SMA recently which just acted like token resistances (according to IBD)

The BEAST has acted (and thus speaks)

HAPPY TRADING!

Disclosure: I am/we are long QLD.

Additional disclosure: I'm long also NQH19

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