The QQQ opened near Friday's closing highs @ 75.37 and immediately set the high of the day @ 75.42 and then proceeded to sell off for the first 15 minutes triggering the first 5 minute buy in the market @ 9:45 am. Price was just a grind upward and it took until 11:30 am reversal time for the QQQ to set a new high for the morning @ 75.45. Since, the Q's have continued its grind upward and now the high is 75.47 where price is near currently...
5 minute chart of the QQQ 07152013
My play of the day came in C which I found gaping up this morning but not over a red daily bar and C did not even score on my gap list thus C would have to be played based on it's price action alone and definitely not at the open. Price fell at the open and triggered a beautiful 15 minute buy at 10:45 am. C had almost everything you look for on a buy setup, price @ minor support, @ the rising 20 ma, 5 bars down, bottoming tail, near reversal time, and the general market bullish so I took the play. Entry came above the prior red bottoming tail bar @ .44 cents so I entered the play with 1 of 3 lots. I expected price to pull back a bit and it did. I entered two more lots @ .30 and .15 cents before price started its upward move into the void. All 3 of my targets hit and profits taken @ .55, .70 and .85, 3 lots each to .40 cents, a +3 R profit made on the play :). Management was "advanced" on the play.
15 minute chart of C 07152013