The Nasdaq-100 index is one of the most followed stock indexes around the globe. But what exactly is it? The Nasdaq-100 is a stock index that tracks 100 of the largest domestic and international non-financial companies listed on the Nasdaq stock exchange based on market capitalization and other factors. It is one of the world’s…
We have previously published an article on using RSI on SPY (relative strength index). The RSI has proven to be a valuable indicator/tool for mean reversion in the main stock indices. Today we present an RSI trading strategy. In this article, we look at how the RSI performs on QQQ – an RSI mean reversion…
Yesterday, the 3rd of September 2020, witnessed a pretty big drop in the stock market with Nasdaq leading the decline with a drop of 5.07%. Out of interest, I looked at the performance of September going back to 1970, using S&P 500 (not including dividends). The chart below shows the performance from the close of…
Below is a simple and easy trading strategy to implement in QQQ: IBS (internal bar strength) must be lower than 0.25. RSI (5) must be below 25. If 1 and 2 are fulfilled, go long at the close. Exit when close is higher than yesterday’s high (you can use higher than yesterday’s close as well…
Previously we have written about the Turnaround Tuesday Strategy and the Monday/Tuesday trade strategy in Nasdaq (QQQ). How has this strategy performed during the Covid-19 mess? Pretty good, actually. I’ve been trading this strategy, with these parameters: Today is either Monday or Tuesday. Internal Bar Strength (IBS) is 0.15 or below. If both criteria 1…
One very simple strategy for QQQ/Nasdaq: Today is Monday OR Tuesday. IBS (c-l/h-l) is 0.1 or lower. If conditions 1 and 2 are fulfilled, go long at the close. Exit on the first close higher than yesterday’s high (code in Amibroker is c>ref(h,-1)). This is all there is to it. Here is the equity curve…
