QLD – Went long the QLD when the NDX opened DOWN 5.3%. That was a big down open and one of the bigger ones I’ve ever seen. I made a small profit on the buy in and I sold out a couple bucks later.

RIMM – Worked well today, but AAPL is going to make this trade not work tomorrow. RIMM was off afterhours on the news of Apple’s earnings report.

I had a small long position in the NDX and SPX heading into today and I added to it this afternoon. I’m seeing oversold signals that haven’t triggered in more than 6 years and then beyond that even further. Very rare signals that have come at previous bottoms. The only thing is that we can hang around the lows for a little longer before we move higher. I’m still expecting this Friday to end higher than last Friday.

Thanks for reading

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