SO WHAT HAPPENS IF QQQ MAKES NEW ALL TIME HIGH MONDAY DEC 28TH ?
QQQ LOOKING TO OPEN AT OR ABOVE THE ALL TIME HIGH OF 311.98 SET DEC 18TH
SO WHAT HAPPENS NEXT? IN 19 YEARS OF TRADING THE QQQ HAS MADE AN ALL TIME HIGH ON MONDAY'S 119 TIMES, AND 49 TIMES WHEN THAT MONDAY OPENED ABOVE THE PREVIOUS FRIDAY HIGH.
SO TODAY FALLS INTO THE 49 TIMES CATEGORY WITH THE QQQ LOOKING TO OPEN AROUND 312.00 LEVEL, AND OF THE 49 TIMES THIS HAS OCCURRED ONLY 4 TIMES HAS MONDAY'S LOW GONE MORE THEN -$1.00 BELOW THE OPEN
THAT MEANS IF QQQ OPENS AT 312.00 LEVEL THE CHANCES THAT MONDAY'S LOW GOES< 311.00 IS LESS THEN 9%. THE 4 TIMES THE LOW WAS >-$1.00 THE LOW FOR THE WEEK WAS MONDAY OR TUESDAY THAT WEEK!
SO OUR MODEL WILL BUY CALLS IF THE LOW-OPEN MONDAY IS <-$1.00 AND IF THE LOW IS >-$1.00 THEN WE WILL LOOK FOR A GOOD LOW AFTER THAT TO BUY
GOOD LUCK AND LETS SEE IF SANTA CAN FINISH THE YEAR STRONG!!!
SO WHAT HAPPENS NEXT? IN 19 YEARS OF TRADING THE QQQ HAS MADE AN ALL TIME HIGH ON MONDAY'S 119 TIMES, AND 49 TIMES WHEN THAT MONDAY OPENED ABOVE THE PREVIOUS FRIDAY HIGH.
SO TODAY FALLS INTO THE 49 TIMES CATEGORY WITH THE QQQ LOOKING TO OPEN AROUND 312.00 LEVEL, AND OF THE 49 TIMES THIS HAS OCCURRED ONLY 4 TIMES HAS MONDAY'S LOW GONE MORE THEN -$1.00 BELOW THE OPEN
THAT MEANS IF QQQ OPENS AT 312.00 LEVEL THE CHANCES THAT MONDAY'S LOW GOES< 311.00 IS LESS THEN 9%. THE 4 TIMES THE LOW WAS >-$1.00 THE LOW FOR THE WEEK WAS MONDAY OR TUESDAY THAT WEEK!
SO OUR MODEL WILL BUY CALLS IF THE LOW-OPEN MONDAY IS <-$1.00 AND IF THE LOW IS >-$1.00 THEN WE WILL LOOK FOR A GOOD LOW AFTER THAT TO BUY
GOOD LUCK AND LETS SEE IF SANTA CAN FINISH THE YEAR STRONG!!!
Trade active:
WE BOUGHT 311 CALLS SCALING INTO THE MONDAY LOW. WE SCALED OUT OF 2/3 OF THE CALLS ABOVE 313 LEVEL MONDAY.
GAME PLAN TODAY IS TO SELL OUR REMAINING 311 CALLS SINCE TUESDAY IS OPENING > MONDAY HIGH AND WE SEE LIMITED UPSIDE IN 1ST 30 MINUTES
WE WILL WATCH 1ST 30 MINUTE LOW...IT HOLDS WE BUY 312 CALLS...IT BREAKS WE STAND ASIDE AND SEE HOW LOW IT CAN GO BEFORE BUYING ANY 312 CALLS. IF 1ST 30 MINUTE LOW BREAKS >-$1.00 WE WILL PROBABLY STAY ON THE SIDELINES WITH HIGH ODDS BEING A TUESDAY HIGH WEEK IF THAT HAPPENS.
GAME PLAN TODAY IS TO SELL OUR REMAINING 311 CALLS SINCE TUESDAY IS OPENING > MONDAY HIGH AND WE SEE LIMITED UPSIDE IN 1ST 30 MINUTES
WE WILL WATCH 1ST 30 MINUTE LOW...IT HOLDS WE BUY 312 CALLS...IT BREAKS WE STAND ASIDE AND SEE HOW LOW IT CAN GO BEFORE BUYING ANY 312 CALLS. IF 1ST 30 MINUTE LOW BREAKS >-$1.00 WE WILL PROBABLY STAY ON THE SIDELINES WITH HIGH ODDS BEING A TUESDAY HIGH WEEK IF THAT HAPPENS.
Trade active:
WELL WE BOUGHT 313 CALLS MONDAY MORNING, AND SCALED OUT OF THEM TUESDAY MORNING.
WE BOUGHT 312 CALLS (EXP 12/31) INTO TO TUESDAYS TWO LOWS, AND WE SOLD HALF THAT POSITION INTO TUESDAY CLOSE.
WE PLAN TO SELL OUR CALLS ABOVE 314.69 (TUE HIGH) INTO 315 LEVEL.
AT THAT POINT WE WILL RE ENTER CALLS IF QQQ ACCEPTS BEING ABOVE 315 LEVEL, OR WE WILL BUY CALLS ON ANY WEAKNESS WEDNESDAY MORNING.
IF ANYONE IS INTERESTED IN OUR LIVE CHAT GROUP JUST SEND US A PRIVATE MESSAGE...JANUARY IS GOING TO BE VERY INTERESTING, AND OUR MODEL HAS VERY INTERESTING STATS FOR THE MONTH.
WE BOUGHT 312 CALLS (EXP 12/31) INTO TO TUESDAYS TWO LOWS, AND WE SOLD HALF THAT POSITION INTO TUESDAY CLOSE.
WE PLAN TO SELL OUR CALLS ABOVE 314.69 (TUE HIGH) INTO 315 LEVEL.
AT THAT POINT WE WILL RE ENTER CALLS IF QQQ ACCEPTS BEING ABOVE 315 LEVEL, OR WE WILL BUY CALLS ON ANY WEAKNESS WEDNESDAY MORNING.
IF ANYONE IS INTERESTED IN OUR LIVE CHAT GROUP JUST SEND US A PRIVATE MESSAGE...JANUARY IS GOING TO BE VERY INTERESTING, AND OUR MODEL HAS VERY INTERESTING STATS FOR THE MONTH.