paulyberndt
Long

Q's remain strong Weekly

NASDAQ:QQQ   POWERSHARES QQQ TRUST
61 0 0
Q's took out two prior fractal levels on the weekly as I have marketed on the chart. In addition there is an Awesome Oscillator buy signal now generated on the weekly and price is trading from a momentum perspective "in the zone.".

Placing my buy stop 2 ticks above the high of the close on Friday. If your already long the Q's on the weekly this is a signal to add more capital to your trade.

My stop is the red line Teeth of the alligator. This is signaling to me the market is willing to take on more risk as the Q's have led the market higher and has busted through its trading range since December. Watching to see if my buy stop is hit now. This is a long term trade
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