The PlayBook: An Inside Look at How to Think Like a Professional Trader by Bellafiore Mike

Author:Bellafiore, Mike [Bellafiore, Mike]
Language: eng
Format: epub, mobi
Publisher: Pearson Education
Published: 2013-07-12T00:00:00+00:00

* * *

Reversal Play in Oversold Stock

Special Projects

ORCL

12/21/2011

* * *

* * *

Big Picture: QQQ

So all markets had a nice +2 percent rally yesterday after our multiday sell-off, coming into the holidays. However, today markets could not hold their gains from yesterday, and trended down for half the trading day and reversed some of their losses into the close. The markets are still susceptible to Europe news and our own economic and political dilemmas. Specifically, the Nasdaq was among the worst of the other indices as Oracle’s (ORCL) uninspiring earnings report (missing revenue quite marginally) last night caused most other big-name tech stocks like Citrix Systems (CTXS) and VMware (VMW) to sell off in conjunction.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.