The market obviouslly liked the news on the nominee for the fed chairman. So far, QQQQ has moved ahead of INDU and SPX.
Tag Archives: Qqqq
QQQQ
QQQQ remains strong in the uptrend, but let’s see if it can break this resistence.
A good day for longs
It’s a good day for all indexes. INDU moved over 10400. I have started scaling out stock positions and building up cash as planned.
QQQQ
If you’re aggressive, short it. The downtrend line has pushed it right back.
INDU and QQQ
INDU rallied back nicely today. I sold 1/3 of current equity position as planned (10350). Another 1/3 will be sold if Dow Jones reaches 10550-10600.
QQQQ is still lagging behind. Today’s move was not accompanied with good volume. Let’s see if we can see some follow through in the rest of week.