QQQ closed up 0.70. It bounced right from the trend line after five days of declining. Added long position.
Category Archives: Options
Fed cut 25 basis points
QQQ actually went up after the cut was announced, but it closed lower. The uptrend line is still intact although the selling was little bit heavier than yesterday. Closed half position on the long. We shall see how it plays out this week.
Fed cut 25 basis points
QQQ actually went up after the cut was announced, but it closed lower. The uptrend line is still intact although the selling was little bit heavier than yesterday. Closed half position on the long. We shall see how it plays out this week.
QQQ
QQQ is moving sideway a lttle. It starts building a base around 30. Based on the daily chart, it may test the uptrend line at the previous resistence, now the support, which would be a good entry on the long side. If it breaks from current base, go long.
SLB
Well, while the whole market went up, SLB moved lower. This is the third day of decline. There is more room on the downside.
