I am guessing the approx 90 point move up at approximately 4 eST was due to Amazons earning announcement? Is there something else because this
That's the gist of it. On closer inspection, NQ has rallied (almost to the tick) same amount as that 3/23 thru 3/27 up swing.
Top 5 QQQ holdings. AAPL 11.64% AMZN 9.28% MSFT 9.21% GOOGL 9.11% FB 5.41% Obviously good earnings will boost the QQQ and NQ.
Thank you guys . By some miracle I happen to be long right when that big push happened. Very unusual for me to be in a trade at all that late in the day
Why not be long late John and take advantage of the historic upside by holding overnight? Seems nuts not too, if you believe the history will continue.
The markets might go down tomorrow. Futures don't look good even though AMZN had very good earnings. ES down 5. YM down 51. NQ up only 5.25.
Well,, I do not believe in holding overnight. Maybe at some point I may leave on 1-2 contracts for long term swing. I have looked at that and back tested my strategy and I make more by day trading, but of course it is much more work, but I like it.
nice call Buddy,,,,, I LOVE LOVE LOVE the short side,,, we make money while 99% of folks cannot even understand what a short sale is.