TECL Long Trade Update

Even though the NASDAQ 100 is just off flat for the day after losing opening highs, I still plan on keeping the TECL longs (this is the short term long position mentioned last night) open for the time being, a.m. trade is very volatile, but that's not to say there isn't a danger as the Q's too have seen broader weakness creep in from last week as well; all the same, the Technology long from Friday was meant to be a short term position.

 QQQ opening action as seen in the last post saw no early confirmation and the Q's lost quite a bit of ground since the open.

 QQQ 3min chart from last week.

 The much larger picture-30 min QQQ chart.

However TECL still maintains a decent 5 min positive which should still pop, at least to the gap.