Bullish Daily List:
EBAY – Gap continuation
UNH – Gap Continuation
VZ – Break Out Continuation
VLO – Gap Continuation
Bearish Daily List:
None – I’ll have to add looking at my gaps in the morning and my 9:45 am wide range bar scan.
Looking at the daily chart of the QQQ I’d bet on a gap up tomorrow over the high of 69.54. If this happens I’d look to play long on the first 5 minute buy setup in the market. If the market opens neutral I’ll wait for the first 15 minute buy setup at or near 10 or 10:30 am. If we happen to move down into the area of 68.88 I’ll be looking to play an hourly buy setup that forms. If we gap or move through the low of 69.00 I’d look to short the first 5 minute sell setup. We have been making higher lows on the daily bar and the price actions is bullish, I’m betting on the gap up.
