The Q's opened up neutral @ 78.72 and immediately set the low of the day @ 78.65 and based for the first 15 minutes before breaking out to the upside. The Q's did a two bar pull back and triggered it's first buy @ 10 am reversal time. I entered the play with 1/3rd lot as I wanted a little more confirmation that price was going to continue long. As the trigger bar closed green, I added an additional 1/3rd lot as price pushed up to set the morning high by 10:35 reversal time @ 79.24 and I sold a few shares @ .23. Price then faded into 11:15 reversal time triggering another 5 minute buy which also triggered the 15 minute buy as well. I added back some shares and price moved on up to may 2nd target @ .33 were I sold some additional shares. Price faded over lunch where I sold my last remaining shares @ .29 as the market looked like it might start to come in, but this was only a head fake as price ground its way upward setting the high for the day @ 79.51 by 3:10 pm. The Q's faded slightly to close this 4th day of October 2013, @ 79.45. A little over 1 Risk unit made on the trade, not bad for what really was a quiet day on Wall Street... Have a great weekend everyone!
QQQ 10042013