DLA, CCL, QQQ and other pics...

You know what? Im going to hold onto that DLA short for a day or two and see how it reacts to the market teetering on the edge. That QQQ correction that I called for a week or two out? Looks like its starting now:

The QQQ could come back in the next few days and chop around, or this is it, Monday was the first day of the coaster just cresting the top and we are looking down the abyss.
So in light of this, I was looking to get in carnival cruise lines, but not anymore. I want to ride the coaster down, not up.
So now we will be looking to do the three days drop with stocks we look for off our earnings calendar. Before we begin, lets take a look at our longer term QQQ put just to see where we are at right at the beginning of the drop:

QQQ Mar 2015 109.000 put (QQQ150320P00109000)

 -OPR  Watchlist

5.63 0.00(0.00%) 3:51PM EST

Prev Close:	5.63
Open:	5.58
Bid:	6.18
Ask:	6.27
Strike:	109.00
Expire Date:	20-Mar-15

Day's Range:	5.58 - 5.63
Contract Range:	N/A - N/A
Volume:	82
Open Interest:	22

Seeing that no one bought or sold today, instead we will look at the spread between the bid and the ask. It looks like that would be 6.23, so we are up a bit. We hold this until I think we are near the bottom of the coming pullback. I will this all year, every year, so easy.

More later tonight possibily with a pick that we will be watching tommorrow.

Stay Frosty,
Mark