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Wednesday, January 20, 2016

QQQ and Nasdaq at cycle bottom

So the end of day orders are to purchase QQQ DD (Double Down )calls now before close to hold overnight:

QQQ Jan 2016 100.000 call (QQQ160129C00100000)

-OPR
3.20 Up 0.26(8.84%) 3:35PM EST
Prev Close:2.94
Open:2.05
Bid:3.21
Ask:3.26
Strike:100.00
Expire Date:29-Jan-16
Day's Range:1.29 - 3.30
Contract Range:N/A - N/A
Volume:4,353
Open Interest:1,575
The charts say that we are at a temporary bottom and should have a bounceback over the next day or two.
I am going with DD (twice the normal size we would buy) because this signal is pretty strong.

Could things go wrong? Problems in China? Oil? Something else? Anything is possibile, remember this is gambling, but gambling as though WE are the house. We have the edge and will make money in the long run.

Tradinginsider

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