The Best Nasdaq 100 Set Ups
- Posted by ZorTrades
- on November 12th, 2011
Priceline $PCLN is the only decent long set up in the Nasdaq 100, $ISRG $SPLS and a few others I already mentioned on the SP500 blog.
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Position size is very important, especially in today’s volatile market, your expectations should be tapered down a bit as well, your stops should probably be the low of the day on the day of the breakout. Ponder on this; 10/26-10/27 Dow Jones +590 points, 10/31-11/1 Dow Jones -572 points, 11/2-11/8 Dow Jones +529 points, 11/9 -429 points, 11/10-11/11 +399 points, all from high to low figures.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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