QQQ market play for Tuesday, October 22, 2013 and TraderHank’s stock picks

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The Q’s ending the trading day in a tight trading range between  82.54 and 82.07 to close @ 82.31.  Price action broke the 5 minute uptrend finally near the end of the day but repaired itself over the last hour of trading.  For Tuesday, if we open neutral and trade higher or gap up, I’d look to take the first 5 minute buy that triggers near 10:30 am reversal time with a first target in the 82.53 area and longer targets @ 82.75 and 83.00. If we open and immediately move lower or gap below 82.05 I’d look to take the first sell that triggers near 10 am or 10:30 am reversal time with a low target of the 81.35 area. If we happen to stay above the 82.05 area (Major Support area), I’d look to take the 2nd higher low on the 2 minute chart long with the same long targets as above. 

QQQ Daily 10212013 homework
QQQ Daily 10212013 homework

QQQ hourly 10212013 homework
QQQ hourly 10212013 homework

 

QQQ 15 min 10212013 homework
QQQ 15 min 10212013 homework

Longs:  FWLT – 1234 watch Shorts:  ANF – Pivot I continuation 

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