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Will AAPL/FB save QQQ?

(2014-04-23 19:09:54) 下一个
Both AAPL/FB reported good earning after hr. I showed AAPL's chart in my previous post (which I think it has chance to get above $600 in the future since valuation is just too cheap.)

FB is the one I think is overvalued. But this earning report is solid. The question is that if they already saw their best Q. Price action will tell pretty soon. Giving this ER, TWTR is likely to melt higher into its earning (but likely a disappointing Q).

Then it comes to QQQ. Is it forming H/S bearish pattern? It is too early to say that. But caution is needed since recent sell off in Nasdaq is on pretty high volume. Rebound is on almost on volume. And May is coming soon which is not friendly to stocks. 

Keep this pattern in mind which will remind you to add protection on the right level.


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