Monthly Archives: October 2011

QQQ going for it this week after profit taking last week.

Last week’s QQQ post I talked about likelihood of some profit taking. Fortunately the sell off was mild and QQQ again stood ground for another attempt for the next high. I would expect this to happen this week, and shoot … Continue reading

Posted in Long Trades, QQQ | Tagged | 1 Comment

Apple, Inc. (AAPL) going for all-time high

Get in while you can, before AAPL attempts its new high. This stock can easily go over $430 per share, giving you a healthy 6% net profit (~$25/share from today’s close of $405.88). To cover your tail, set a stop … Continue reading

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HST – 5, 4, 3, 2, 1, Lift Off!

There is clear signal today that HST is going to take off to its next resistance. Keeping the bearish market in mind, I drew a channel line where I think HST is going to hit. So, get in quickly tomorrow … Continue reading

Posted in HST, Long Trades | Tagged | 1 Comment

QQQ support and resistance for week of Oct. 17th

On 10/14/2011 QQQ broke its $58 per share resistance line, and closed at $58.18. The next resistance test is $59.55 and I’m leaning on some profit taking before it reaches for the next resistance. If you are not already in position … Continue reading

Posted in QQQ, Watchlist | Tagged | 1 Comment

TZA Support & Resistance Prediction

First support price is $38.69 Next support price is $36.42 My suggested trading strategy is to set a limit buy order of $36.62 (20 cents above lower support line).  Then set a limit sell order of $38.62 (right below first … Continue reading

Posted in ETF, TZA, Watchlist | Tagged | 1 Comment