Tuesday, October 23, 2012

Tick Update

While there are a lot of things to look at and I have many more to go, I'm happy to see the TICK chart looking the way it does considering I was using today's weakness to add to positions which was the entire point of only entering half of the intended position size last Friday afternoon. The TQQQ add in particular was a good move I feel as the QQQ is the best performing today by far, only down -.30 vs the SPY or DIA down -1.6.

Any way, the point was the TICK chart

Since the drop this morning we have seen a nice moderation early on as I pointed out and now we are in positive territory between +500 and +1000

No comments: