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Monday, July 6, 2015

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Today we move in with QQQ calls

9:24 AM    No comments
In looking at the chart I do not see any definite bottom signals for QQQ, yet I have watched the market and saw bottom pressure via the market actually rising positive despite the Greek news. If something does go down positive between the EU and Greece, the market is going to fly upwards.
Lets look at the chart:

Again you can see no definite bottom signal. However with three factors:

1. The market was turning positive today even with Greek bad news: under-pressure of "Up"
2. The indicators are in relative buy positions
3. With the combination of the two above, a sudden positive Greek situation will cause a jump up.

So we are going to get in with calls. I will monitor the situation closely as I went in with the august 107's. I will also be watching my other 5 positions that I have open right now, none of them bounced upward as of yet.

Tradinginsider

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