Replies to post #310 on Short Term Trading (NDX / NQ / SMH)

[BuzzOnDaBeach]

Good point, and always watching the OI. I'm thinking long the following, but won't chase a gap up as slight retrace will give a better buy. Sidenote, NDX futures just went through a key ST resistance level, Friday's intraday DT line

Aug 33 QQQ calls
AMZN
YHOO
AMAT, KLAC or LRCX

Maybe TASR

Would like about 100 contracts on QQQ, and 1000 each of four of the above 6 stocks. Again, won't buy the premarket or initial gap up, but the first retrace and bounce on futures.

Buzz