Hi everyone. Sorry for not getting an update in yesterday.
I’ve taken two new positions recently since the setup was good.
I bought some shares of HTHT at 40 and shorted a large amount of QQQ on Friday’s close.
As for QQQ, GOOG just had a big earnings beat, so it is currently dragging the QQQ up. We’ll have to see what happens tomorrow.
I was planning on shorting QQQ in the 182.5-184 range, but decided to short it on Friday’s close because the index looked really weak (upward momentum had stopped). My stop loss is now right near 182.5.
Markets have been choppy so I’ve been trading a lot less. This also means I have less to blog about 😦