HNP stopped out. SOHU trail changed to 1.5. SUNW stop 3.5. Still holding QQQ Oct 32 PUTS.
NT reversed and dropped a lot.
Tag Archives: Qqq
Pullback?
HNP stopped out. SOHU trail changed to 1.5. SUNW stop 3.5. Still holding QQQ Oct 32 PUTS.
NT reversed and dropped a lot.
Weak Job Market
After breaking out last resistences, all indexes went down today although they were up for the week.
Long: SOHU (it’s forming a bull flag, trail 2 and sell limit @40), SUNW (stop @3.5) and HNP (trail 3).
Short: QQQ (Oct PUT, under water) and AMZN (Sep PUT) and XOM (Sep PUT). The AMZN and XOM puts are left over from previous hedges for closed SSF trades.
Weak Job Market
After breaking out last resistences, all indexes went down today although they were up for the week.
Long: SOHU (it’s forming a bull flag, trail 2 and sell limit @40), SUNW (stop @3.5) and HNP (trail 3).
Short: QQQ (Oct PUT, under water) and AMZN (Sep PUT) and XOM (Sep PUT). The AMZN and XOM puts are left over from previous hedges for closed SSF trades.
August is over
Slowly moving August is over. After this comming Labor Day week, trading volume should be picking up as traders return from their summer vacations. NASDAQ has reached new high and INDU and SPX are approaching its recent high respectively. All markets have done some base building, we will find out wheither or not they will break out or go down. Short term wise, it looks the market will move up a little. Short: QQQ Oct 32 Put (it’s not working obviously after QQQ’s big run up). Long: HNP (I have been waiting for opportunity to own some HNP shares), SUNW, SOHU and MSFT (SSF).