The Q's sold off hard during the last half hour of the day triggering the hourly sell in the market. I'm almost expecting a gap down tomorrow, If so or a neutral opening, I would look to play the first 5 minute sell in the market at or near 10 am reversal time with a long target to $66.00. If we happen to gap up or trade through the 67.85 area, I'd look to play the first 5 minute buy that triggers at 10 am or 10 30 am reversal time with a long target of 68.25. Since we did not take out the 67.85 area today before rolling over, my bias is bearish and we could actually trade back down to $66.00...
QQQ02272013II
Shorts:
None
Longs:
ADBE - Wide range bar
ALL - Daily buy triggered
CREE - Daily buy triggered
ESRX - Daily buy watch with COG
HPQ - 123 pattern
VLO - Buy continuation