Stopped out at 35.72. Long SUNW stop 3.5. Will buy EBAY SSF at market at open tomorrow morning.
Short candidates: HAL, GSF, MSFT?, AMZN, DDR, TYC, …
Tag Archives: Market
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).
QQQ
Since it broke its long term downtrend in last November, QQQ rose rapidly from low of 20 to near 28, then it was in a trading range for 4-5 months. In June, it broke out the range. The next resistence level is around 34. With recent run up, it may go sideway for a while before charging ahead to the resistence level near 40 provided the overall market condition is improving. The current support level is at 29 and 25 is the major support level.
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.
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.