SMH relative strength

Q's and SMH found some nice support over last few days and I agree that SMH will pull Q's up (not necessarily SPX/DOW) for trend change if that's what happens. SMH on 300 SMA and Qs on 200 SMA, going long Q's monday at open (35 calls)
 
Quote from ig0r:

Q's and SMH found some nice support over last few days and I agree that SMH will pull Q's up (not necessarily SPX/DOW) for trend change if that's what happens. SMH on 300 SMA and Qs on 200 SMA, going long Q's tomorrow at open (35 calls)
More...

Be careful.. I would wait a little on Monday to make sure we dont crash. I would not go blindly into the open especially if NQ futures are down.

SPX and DOW can hit their 200ma.. thats another 100 point drop for the dow atleast.
 
You must log in or register to reply here.
Back
Top