Market still pulling back - QQQQ, QID, ACM, EDU, BIDU
Posted on May 14th, 2009 in Stock Market |
Overall market still wants to pullback I think we will continue into option expiration tomorrow. See the QQQQ chart below which shows accelerated down volume yesterday - wants to go lower to next support. I’m still in short ETFs like QID, TZA, TWM.
I went short EDU, BIDU and ACM this morning.
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[...] I still think that we are due for a pull back going up 8 weeks and down only once. I am still short ACM, EDU, BIDU and have a few bear positions in QID, TYP but I also went long in two solar plays CSUN and TAN I [...]