Category Archives: 5 minute momentum play

QQQ update and TraderHank’s play in UAL

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The QQQ opened the day by gapping down to 86.19  and rallying for the first 5 minute before rolling over as price sold off in a flurry to set the day’s low by 9:55 am @ 86.12. Since, price action … Continue reading

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End of the day update in the QQQ and TraderHank’s Short play in QCOM

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The QQQ gaped over Friday’s highs to open @ 72.96 then price proceeded to set up the first 5 minute buy by 9:45 am which failed as price rolled back over and went sideways.  Price finally slide into the rising … Continue reading

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QQQ afternoon update and TraderHank’s play of the day in PCAR

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The QQQ opened the day gaping into major resistance @ 73.96 only to sell off setting the low of the day by 9:45 am @ 73.73.  Price rallied into 10 am to test the high of the day, set during … Continue reading

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QQQ afternoon update and TraderHank’s play of the day in MOS

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The QQQ opened with a small gap up this morning just off of the Major Support area of 72.63 which happens to be our low for the day.  Price powered upward setting the high for the day by 10:05 am … Continue reading

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QQQ end of the day update and TraderHank’s play of the day in JPM

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The QQQ gaped up a few cents this morning only to set the high of the day @ 69.18 by 9:35 as prices then sold off hard all day long.  I had expected the sell off yesterday but we got … Continue reading

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QQQ update and TraderHank’s play of the day in AMGN

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The Q’s opened the day neutral and set the high of the day by 9:40 @ 69.09 then price began to move lower breaking down ending the uptrend at 10 am.  Price continued to move sideways until 10:30 am where … Continue reading

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QQQ morning update and TraderHank’s short play in EBAY

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The Q’s were gaping up slightly this morning to open on the mornings high of 68.80-68.81 then sold off immediately setting the low of the morning by 10 am @ 68.39 an area of major support.  Price has since bounced … Continue reading

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QQQ closing update and TraderHank’s play in POT

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The Q’s gaped lower this morning to open Monday @ 68.68 and proceeding to move lower setting the low of the day by 10:50 am @ 68.47 near major support.  Just before lunch price bounced off major support and proceed … Continue reading

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QQQ closing update and TraderHank’s failed short in UNH

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The QQQ opened neutral and immediately ran up and retest the highs from Wednesday setting the high for the morning at 67.69 by 10:15 am.  Then price moved down to retest the low of the day which was near the … Continue reading

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QQQ update and TraderHank’s play in XOM

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The Q’s opened with a very small gap up and powered up setting the high of the day @ 10 am @ 66.68 near the declining 20 ma on the 5 minute chart.  Then price rolled over triggering the first … Continue reading

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