FB jumped about 4.5 today, which was good (for me at least).
QQQ is approaching 182.5 again which is where I was stopped out last time. I plan to reshort at that price most likely.
Lastly, I plan to buy BABA next week in anticipation of a pre-earnings run up. It seems like it always moves up the week or so before earnings. The earnings date is 8/23 (two Thursdays from this Thursday).
I plan to buy BABA somewhere in that rectangle support area, and sell the day before earnings. I will have both a hard stop loss, and a time stop loss (selling before earnings no matter what). This will reduce the stress from deciding when to sell (for a loss or gain).
See you next week, good luck trading!
