QQQ update for Friday 2-15-2013 and TraderHank’s stock picks

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 The Q's price action ended the day in the middle of the range of 68.07 and 67.62 to close at 67.94.  Tomorrow is a coin toss to watch which way this market is going to go, just like today, we can short the top near 68.00 and buy the bottom near 67.62.  The weekly time frame is still in an uptrend in the Q's but we are currently in a sideways pattern clearly seen on the daily chart and this 30 minute chart below.  Don't over trade tomorrow. 

30 min chart of the QQQ
30 min chart of the QQQ

Longs:

ANR - Gap continuation

BRCM - Wide range bar

CREE - Daily power trend

HAL - Wide range bar

JDSU - Power trend

JNPR - Daily buy triggered

QCOM - Daily buy watch

RIG - Wide range bar

SLB - Wide range bar

SNDK - Daily buy triggered

Shorts:

CHRW - Break down

     

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