Friday, August 21, 2009

Playing the odds, hunting for opportunities




Looking at the QQQQ rolling over a few minutes before the afternoon session typically starts, I'm looking at stocks that will take advantage of the weakness. LRCX, FAZ, SRS and the other inverse ETFs come to mind. If we get a bounce instead I would go with stocks that are near their highs or just trade the ETF the other direction.
Constantly be on the hunt for stocks that will be pushed along with whatever direction the market momentum moves in.
QQQQ shown here.



LRCX


















FAZ

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