Tuesday, February 26, 2013

Plan

I'm going to wait a little bit and see if the market pulls back just a bit, the QQQ chart and ES 1 min intraday looks like it will...

 Intraday relative negative divergence among a large leading positive, but still short term.

 NQ futures with a small intraday negative

ES with a small intraday negative

The 5 min charts aren't where I'd want them to be to take on the weekly options trade, volatility is increasing so on a pullback, or you could even start phasing in here as long as it's part of your risk management plan, I'll be looking at a 3x leveraged position like TQQQ or UPRO, this is for a short term trade only. I'll let you know what moves I make, but these will be speculative size (50% of a normal position).

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