Thursday, May 1, 2008

LONG 50 QQQQ @ 48.50


Just picked up 50 shares of the Q's in my Roth Account. My stop is around $46.

Bullish:
-Just broke through downtrend line.
-Above 200DMA.
-There seems to be a rotation out of commodities (Oil, Ag, GOLD, Metals) and into Tech, Financials, and other sectors.
-The DOW just broke through 13,000.

No comments: