Hedged NASDAQ/QQQQ positions: bought QQQQ AUGUST 38 calls @ 0.65 IBM, GOOG earnings out after close. Want to short any pop on QQQQ and NQU9 at that time
Quote from mTrader09: TWO scalp trades with tight stops: Short SPY @ market (94.11) buy QID @ market (29.79) SPY buy stop @ 94.51 QID sell stop @ 29.44 ------------------- close scalp SPY short @ market (93.80)
Quote from mTrader09: TWO scalp trades with tight stops: Short SPY @ market (94.11) buy QID @ market (29.79) ------------------------------------------ close QID long @ market (29.99)
ESU9 high of 948/950 possible today Will close QQQQ August 38 call "Despite the extensive gains posted during the recent streak (S&P +7.7% this week low to high, Nasdaq 100 +8.9%, Russell 2000 +10% -- best week for market since last March) profit taking pressure was limited in scope with the Nasdaq 100/Comp able to extend their win streak to eight while the Dow extended its to five. The question is not whether we will see a correction next week but if we will see follow through prior to it beginning. For early next week if the S&P can maintain a posture above 935/934 there is potential for some further upticks. Resistance above Thursday's high (943) is at 946 (June/8 month close high) with the June peak at 956."