Last trade of day: QQQ puts.

Things are looking south suddenly and I also double checked with other indicators. We are going to purchase a put and hold it overnight.
You can see the downward trend below:
 
Further more, look at this candle stick chart:

It appears that with todays candle, we are in for a bit of a drop tomorrow.This is because of the big upper tail and the short lower body. This price action tells us that at one time in the day, there was a price push upward, but it was not sustained due to weaknesses in the market. The main weakness that I can see was the news yesterday that the rates were going to be raised earlier than expected. This is not good news for investors or the markets short term, but it is good news long term. If there is another crash, one of the tools that the fed uses is the lowering of interest rates in order to jumpstart the market again. So they are trying to raise the rates again before we hit another rough patch in the market so that they can use a rate lowering strategy to prop it up again if needed. Oh, I almost forgot my in:

QQQ MayWk4 105.5 Put

1.06

1.05

1.07

2,812

Thats all for today, have a nice night. I hope you like my new design. I am going to be fixing up the place and offering some addtional services, the main being a nightly service forecasting the next day of the market so you dont have to trade in the dark.

Tradinginsider