YHOO is breaking out from its downtrend line. If you like to play break out, it’s the time. Or you can wait for its pullback, but the pullback should not dip below the downtrend line.
Tag Archives: Yhoo
YHOO
YHOO is facing the overhead resistence. If it fails to break out this downtrend line, it’s good time to short it.
QQQ and RHAT
QQQ has broken its uptrend line. Today’s move would look like a dead cat bounce after YHOO lost almost 12% in after-hour trading. Tomorrow will be a big gap down. I have reduced my puts on QQQ.
My Jul 20 Puts are under water, but Aug 22.5 Puts are doing OK. I will monitor closely tomorrow to see if I should seize the opportunity to close the Jul 20 Puts.
I’m also looking for opportunities to buy back some shares of MSFT for my long-term accounts.
QQQ and RHAT
QQQ has broken its uptrend line. Today’s move would look like a dead cat bounce after YHOO lost almost 12% in after-hour trading. Tomorrow will be a big gap down. I have reduced my puts on QQQ.
My Jul 20 Puts are under water, but Aug 22.5 Puts are doing OK. I will monitor closely tomorrow to see if I should seize the opportunity to close the Jul 20 Puts.
I’m also looking for opportunities to buy back some shares of MSFT for my long-term accounts.
ES
On an option expiration day like today, the market was pretty choppy. Taking quick profits is prudent. The long tails and shooting stars on the candles caused a lot of pain.
I scaled in some 401K money into mid-cap and foreign funds today. I expect the market will be going higher a little while with recent good earnings from INTC, YHOO and GE alike.