Being long. Yahoo! Finally got the action to the upside I’ve been expecting. I think it may have sparked a short term move that will continue tomorrow with the Fed announcement.

QQQQ calls - Soared today and now I’m up 15% on the position. Vedi nice. I held on for more potential movement tomorrow.

QLD - All QLD buys are profitable. Not by much, but at least out of the red.

FCEL - That purchase is slightly profitable.

MOBE - Broke out today closing up 6.62%. I’m up close to 6% on the trade. Its been a good one so far.

MRVL - The calls are still underwater. 27% to be precise, but because my QQQQ call option position is about double the MRVL position the trades are canceling each other out and MOBE is pushing my account higher. The price action today was important because I’ve stated before that high volume events like we saw 3 days ago in MRVL for the most part have led to further selling with no up days. Today we ate into that big candle and to me it looks the bulls are still hungry. All technicals look good based on todays action. Daily charts and weekly charts tell me a $1 to $2 higher.

The semis are moving and that is leading the Nasdaq higher. I’ll try to remember to post some stock candidates later tonight.

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .