The Q's ended the day rolling over hard confirming a sideways trend on the 60 minute chart. For tomorrow, I'd be looking to take the first 5 or 15 minute sell that triggers in the market hopefully by 10 am or 10:30 am reversal time that occurs in the 67.25 area with long targets back down into Major Support at the 66.00 area, and a 2nd lower target at the 200 ma on the daily chart near the 65.75 area. A gap above the 67.75 area would be extremely bullish and I would take the next 5 minute buy setup that occurs above this area with a long target of 68.25. My bias is short and any gap up below the 67.75 area, I would look to short the first 5 minute sell that triggers.
QQQ update 02282013
Longs:
ADBE - 123
ALL - Daily buy triggered
ESRX - Daily buy triggered
Shorts:
BK - Daily sell watch with COG
C - Daily sell watch with COG
INTC - Daily sell watch
KLAC - Daily sell watch
MS - Daily sell watch with COG
NTAP - Pivot I measured move
PCAR - Daily sell watch
SLB - Daily sell watch
VZ - Climatic watch