February 26th - Update

Sold all of the Portfolio, in my opinion i was too early with the buy and hold position
Sold with a profit of 2900$

QQQQ- Break the trend line , now it can go sideways or maybe lower .

February 26th - Closer look

If we take a closer look at the QQQQ , a rally to 29.3-29.6 is possible an then
a breakdown to the 28 level .
Testing this level again will probably break it and then we get the capitulation stage.
A good possiblity to trade will be to take some QID at 29.5 with a stop above 29.6-29.7 .

February 26th - Stock Market Review

Current Portfolio - 99,672$
Open Position - See Portfolio - in details.

The market is in a very fragile stage the 28 level is still holding for the QQQQ . From this place there is two possibilities, the market starting to rally and the 74 level in the SPY will be a double bottom, or the 28 level break and we get the last stage....the capitulation stage. The capitulation stage or the final breakdown can take us to the 600-650 in the SPY, that is 20% drop.

Even if the market will drop 10%-15% and even 20% it will be for a very short period in my opinion, and from there probably will start the real rally.

USO - Had a nice rally today, is at the resistance level 26 . Probebly a pull back to 24.5 will be good for the up side move.

If the market starting to drop i will protect my portfolio with a 2000 QID and some FAZ.