Stock, Option and Futures Trading

Stock, Option and Futures Trading

QQQ Update

July 28,2011

We entered QQQ 58 AUG calls yesterday for $1.50. Today the market is up like we expected but we are going into the weekend. This is why we are only in half position. The market is at a very important time and price level.

We will just stick to half position going into the weekend on the QQQ

The nQ’s are up 32 as of right now off the support low.

Happy Trading,

www.eMiniSchool.com

PS. The TF levels were 800 – 796 as support and from that low the TF is also trading higher. It will be important if we can hold the gain of today into the close and into tomorrow. As long as we hold the 796 low the TF is still bullish.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: