I was reviewing some old orders this weekend that hadn’t hit yet and came back to NDAQ which was one of 2009 Stock Picks. It has made a good run up from its November lows, but appeared to be hitting resistance at Friday’s close. Support appears to be around $20 and rising with a triangle…
Month: February 2009
QQQQ Chart – February 6, 2009
Like last week, I’m charting a tradable ETF (QQQQ) instead of the index itself. QQQQ is designed to correspond to the NASDAQ 100 index. This chart runs from October 1st through this past Friday, February 6th. I highlighted a few points on this chart below worth discussing. The green vertical line shows where Williams %R broke out of…
Mindset Change – Pushed by Recession
The recession finally hit my company this week. They cut our recruiting team by 33%. That’s good for me since I’m still in my seat and now have less internal competition. The rough part is that we’re all under the microscope even more these days which hurts my trading and blogging time. I can take a…
End of Month Update – January 2009
January was the month of woulda, coulda, shoulda for me. I started off the year at $53,000 and made it above $59,000 before the first 10 days could pass. That speed continued to the downside easily enough before I could wise up enough to sell anything worth selling or buy puts, but at least I sold some…