Focus List Video: QID

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.

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 →

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 →

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