Friday, August 26, 2011

QLD Stopped Out

The QLD trade was stopped out at breakeven today. It looks like the next trade will be either with further upside for a few more days, in which case a short may be in order, OR after a sharp downside break out of what may be a triangle consolidation forming here, in which case we would look to go long at some point after a break of the August lows.

1 comment: