MERQ is in a very precarious position because of its increasing p/e level, already nice gains and the report on October 17. MERQ October 20 puts are nicely priced now but if you wait a little longer you might get them even cheaper. The reason I liked ELON was that it looked so forelorn and was at support, but MERQ is overbought volume is decreasing. On a purely technical standpoint, the MACD is looking strong but there are other factors to consider.
QLGC true to form bumps down early on by 2:00 which is why this easily a 2-trend stock, KLAC a bit better but with the market up 310 and nasdaq 46, QLGC and KLAC should have exploded into the close.....and they didn't. I'm just wondering how KLAC and QLGC will fare during a pullback in the general market.
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