At the top of my focus list is QID, which is an ETF that is a leveraged Nasdaq short. Take a look at today's video to see how I plan to trade it.http://flash.revver.com/player/1.0/player.swf?mediaId=498261&affiliateId=93676http://revver.com/watch/498261/flv/affiliate/93676/qid-stock-trade-setup-11-25-07/
Today’s Trades: GROW, MVIS, QID, EWZ, HOKU
I sold 600 shares of EWZ at $51.80 (entry at $50.43) for an $822 gain (+2.7%). I suspect that it will retest support at $50, which could provide another entry.I sold 1000 shares of HOKU at $6.44 (entry at $6.11) for a $660 gain (+5.4%). There is not enough volume to think this price will... Continue Reading →
Trades and Vanity Performance Stats
I sold 1000 shares of QID at an average price of $53.86 (entry at $55.50) for a $1640 loss (-2.9%).I covered 200 shares of AAPL at $92.05 (short at $90.10) for a $395 loss (-2.1%).I covered 500 shares of STLD at $41.08 (short at $39.08) for a $1000 loss (-5.1%).I sold 200 shares of VLO... Continue Reading →
Trade Updates: QID, VLO, HAL, LEH, STLD, AAPL
I was stopped out of my 350 share position of HAL at $30.44 for a $388 loss (-3.7%).I sold 350 shares LEH at $72.71 for a $231 gain (.9%). The total gain for the 700 share position was $696 (+1.4%). I was hoping for a bigger gain, and decided to bail on the trade because... Continue Reading →
Chart: Analyzing the Nasdaq Composite
Wow, that was some fakeout we saw today. Once the Nasdaq broke down below 2350 and the recent low, I was sure we were headed for a retest of the 200 day MA. Now I'm not so sure. The Naz (and other indexes), printed quite a powerful candle today on good volume. Take a look... Continue Reading →
Another update: QID and HAL
I bought 350 shares of HAL at $31.55.I bought 500 shares of QID at $56.64.See the last post for the rest of today's trades.
Trade Update: QID, VLO, AAPL, SSRI, STLD
I sold 1000 shares of QID at $57.21 (entry at an average price of $55.55) for a $1660 gain (+3.0%).I covered 500 shares of SSRI at $29.79 (entry at $32.24) for a $1225 gain (+8.1%). Yesterday I went short 500 shares STLD at $39.08.I am still long 200 shares VLO and short 200 shares of... Continue Reading →
Today’s Trades: VLO and QID
I covered my 400 share position in VLO at $60.21 (entry at $59.06) for a $460 loss (-1.9%). I bought 500 shares of QID at $55.23. I now have a 1000 share position in QID. Today's gap up has the look and feel of a "fade the gap" short squeeze type of rally. I doubt... Continue Reading →
Today’s Trade; VLO and QID
I've traded these stocks so much that past few days, they feel like family. I bought 500 shares of QID at $55.86. I've been trading in 1000 share blocks, but I'm not sure that there won't be more of a bounce in the Q's, so I'm keeping the position size small. If we see QID... Continue Reading →
Get Ready to Short the Bounce
Hopefully this bounce can last another day or two. I will use market strength tomorrow to deploy a few short plays. A lot of sectors are setting up the same way, so I'll stick to QID and a few select sectors and stocks. Financials, commodities (not oil), tech and China stocks head my list of... Continue Reading →
Paul J Singh 