Bought some QQQQ 3000 at 29.91 stop at 29.55
and bought some more in the aftermarket at 29.35 1000
average at 29.77
Wednesday, February 4, 2009
February 4th Update -QQQQ
The QQQQ is again at the resistance level 30.6 - 30.7
A pullback and making a higher low and then breaking this resistance can give as a pretty good rally.
February 4th Update - SOLD QLD, BUY XLF
Sold the QLD with a fast profit at 27.61 profit of 3930$
I will buy it again on weakness
Bought some more XLF 1000 at 9.3 average at 9.12 stop still at 8.8
February 4th Update - BUY USO
Bought some USO 500 (leverage) in the premarket at 29.2 stop is under 28
February 4th Update
SMH- The semiconductors index look encouraging and that is very important for the QQQQ
but things can change under 17
February 4th Srock Market Review
Current Portfolio - 100,000$
Open position- QLD 3000 at 26.3
XLF 2000 at 9.03
QQQQ- Break the 29.5-29.6 resistance level our stop is still QQQQ at 29.25
XLF- Performed really poorly our stop is at 8.8 . The trade was not the best decision, let see what the market have to say.
GLD- For gold the next days or mabe a week will be very critical . Let see if we can take a short position.
USO- This range can be accumulation or distribution ... in my opinion after a drop from 120 to 28 it is accumulation . Long trade above 30 Short under 27
A nice possibility to trade the oil is the double ETF funds for Long DIG and for Short DTO
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