Nasdaq #qqq continues sideways in light trading week

Without any big moves to be had this week, the NASDAQ continues its sideways wanderings: I would wait until the new year starts before I got in the pool and started swimming around. Everyone is on vacation, and a lot of traders are done for the year. It would be kind of like hanging around at school while everyone is at home on christmas vacation. Volume is light, and the action is light. People have taken thier profits, and they are at home for...

Read More

Light Trading Day for #stocks sell #QQQ calls

Hey everyone, I hope you are enjoying the holidays. Just wanted everyone to know that I will be returning Monday the 29th with a review on the Nasdaq for the week. Christmas or Festivus, or Kwanza, I hope that times with you and yours were great. Next week, we are going to be looking at some stocks and some upcoming market moves. And right now we are going to lean into the Santa Claus Profit taking rally and sell our QQQ calls. QQQ Feb 2015...

Read More

Your Holiday QQQ Spread

Happy Holidays everyone, and this will be the last post until next week.when you will come back to find a redesigned site. At the end of this post I will give you a beta screenshot of the new site, I am pretty excited. It offers more one page functionality with a lot of the vague functionality eliminated. It is way more straight forward and allows you to get the information you want and need quickly and concisely. It truely will be a portal to the...

Read More

Outlook for the Week 12/22/14

The QQQ has been chopping around as of late and the last two weeks have taken us on a ride. The downward drop has been a bit less severe than I had thought, and the bounce back has been sudden, which shows that the bulls are fighting with the bears. But what will the outcome be for the week? How is one supposed to trade? Lets take a look. First, lets look at the weekly chart of the QQQ which will show us the underlying mechanics of the market as...

Read More

outlook for the week and site redesign coming later today

Come on back later this evening for a market outlook for the we...

Read More

The Rules for Success

Happy Saturday, everyone. The following post is from my other blog, feedurnoggin. Enjoy. RULES FOR SUCCESS There are a few rules for success that you can use in order to further yourself. First I will simply list the rules, and then I will get into each of them in more detail. Its easy to be broke and have no money. Just do nothing. You'll have no money by default.  The three ways to make money are 1) Sell goods 2) Sell services or 3)...

Read More

New midday Pick- PETX short

Petx just had a prelim study come out that showed promising results for dog for arthritis. The drug hasnt gone through any FDA channels as of yet and still has to undergo the certification process. They dont expect the drug to hit the market until 2016, which translated means no money until 2016 and thats if the FDA tests it and clears it. The options spread on this stock suck, so we are just going to go right ahead and short this one. Aratana...

Read More

QQQ point/counterpoint

Lets take a look at a few sides of the QQQ: Point: Its starting to look like the Santa Clause rally is working its way up Wall Street  following a very sharp correction in the first part of December, fueled by the cratering oil market and fears of another collapse of the Russian ruble, the Chair of the Federal Reserve, came across with precisely what the market was looking for. More upside follow through, or at least a decent day, tomorrow...

Read More

QQQ bounceback...where is it going

The cubes have bounce back today after a vaugue bottom signal...however things have been complicated due to the sudden gap up: That sudden gap up is the wild card as it just blew half way up the scale so that puts us in unknown territory. But what this DOES do is make us take a look at our ETFs. So we are going to get out with decent coin. We are going to sell our XLE put: XLE Jan 2015 77.000 call (XLE150123C00077000)  -OPR 2.85 0.00(0.00%) 1:34PM...

Read More