Paul Meyer Buys Houses

Posts tagged “QQQ

Market Journal Update – AAPL, NFLX, GOOG, QQQ / Personal Projects

Market hit 13,000. Mr. Market’s emotions seem generally mixed to highly optimistic even though we are historically in the “earnings warnings zone”. Any CALL option trade I would of made long in January would of been at least 10-20% in profitability. The January Barometer has kept Mr. Market’s enthusiasm as it is referenced in articles regularly.

AAPL @ $520 – Fall near? Problems with copyrights over iPad in China. How much will it cost Apple on its next earnings? Is it too big to fail? The higher it moves the more volatile it will fall with bad news.
GOOG @ $605 – I think GOOG will hit $700 this year. The iPhone’s are still a hit but the TV marketing campaigns for the DROID and newer smart phones duplicate the iPhone and offer more options than the iPhone plus Droid is dominant in the mobile market.
NFLX @ $120 – Netflix entered the United Kingdom market. I think it’s going to bring a few more billion to their cashflow due to that their are no competitors currently in the UK besides LoveFilm owned by Amazon but doesn’t have the large library like NFLX.
NFLX moved with its Jan. 12′ earnings up 20%. I think it hasn’t moved for almost 2 weeks because it’s just taking a breather. If it grows and expands its business model of streaming/dvd’s into Europe it could be a hot stock again like Apple.
QQQ @ $64 – The QQQ’s have followed all 3 of these big boy Nasdaq stocks. At $64 it’s high as an index stock. This index use to not even move past $44 only until just a few years ago. This is the high, however, if the market continues to go up especially with
AAPL and GOOG move another 50pts with the general market following the QQQ could see new all time highs, however I’m pessimistic and think the QQQ’s will be sold off some lower than $60 within 1-2 months.

On a personal note I’ve been having dreams about prospering and success with bee’s, fish, and snakes. Also my film projects have been slow to come about. I hope to soon start getting my market commentary up in animated form through The Secret Corporation project. Scotland life has improved, some. I still consider the stock market my first home and one day full-time income and everything else I do just a hobby for fun and to share freely with others. However, until I’m able to have complete discipline and earn more than I lose I’ll have to settle for delivering pizzas and freelance work.

I get an erie feeling this fall rally is losing steam.

First. I’m surely at this point I’m going to lose my trading competition with my sister. Every time the “market” hopes for the best and talks a good talk the rally runs for a few very good days. You think it will continue into the next week. It falls to where it started right when we were gradually moving in the right direction.

If you look at the technicals either the market is losing steam or its falling back to move only higher. Although, with todays -3% plunge dropped for nothing really. Sure, Europe is dying, but this has been a known fact for months. We know Greece and Italy have money problems. Do American investors really care about Europe? NO! They care about their homes, cars, college education, and fast food. Who doesn’t have money problems. If investing is going more towards short trades instead of buy and hold then this type of actions and constant changing movements is going to drive me nuts. It’s great if you can day trade it being in and out within 2 market days. But if you just want to catch a movement and wait for the trade to line up and BANG! Too late. You missed the trade and it took your money. Well, that’s how I feel right now. All I can tell myself to do is START practicing again, practice these short bursts of constant mini fall and jumping rallies, and then once I can just watch the markets during the day trade with confidence (unless the markets change again).

Monday-Tuesday Trend & NanoWriMo 29 Day Novel Challenge to get me writing

So I have been watching what happens on Monday-Tuesday trends and it seems like a regular trend if on Monday is very positive for the most part it follows up to Wednesday and this also applies if Monday falls. I’ve seen this happen a lot and have traded off this patter many times. However, what I’m a bit confused about is this October 2011 rally. It has gone up so quick as they say it should come down just as hard. I figured with the up movement and the majority market buying up we would have a very good November 2011. I still think we will, but usually the first of the month are positive days due to be portfolios buying them in the beginning of the month. I think this Greece news is bullshit. We are already affected by our own problems here in America. We will survive without Greece. If by the end of this week this current -5% hard down isn’t recovered we may see a profit taking unhappy Thanksgiving including my call options which are in the red again expiring worthless.

So I somehow stumbled upon NanoWriMo which is the yearly Novel writing quest for the month of November. Basically you try to write 50,000 words in 29 days and whatever comes out of that. I’ve had a funny business book idea for awhile so I’m trying my best to type it all up and get it published for young adult entrepreneurs. It is going to be a cartoon-comic styled storytelling novel of my complete chaos and future fictional success.

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