FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***QQQQ (daily): Q's get triggered short upon a break of the open and current intraday low of $37.98, and should this happen and volume escalate to the downside then this would potentially be an "island" top and a further convincing bull-trap. Given my indicators, we've just been given the all systems go here with the gap fill in AAPL... the mania in GOOG and the fact that INTC has gained for the past 11 straight sessions... in terms of technicals, I can't put in words how much high risk I see in buying this market here for any trade longer then a quick daytrading scalp!...

QQQQ 5-day chart:


QQQQ 6-month chart: