TAKEN PARTIAL PROFITS ON POWERSHARES QQQ (QQQ)
September 1, 2011
We have taken partial profits on a 10% tranche of PowerShares QQQ (QQQ) at $55.59.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
We have taken partial profits on a 10% tranche of PowerShares QQQ (QQQ) at $55.59.
We added a 10% tranche to PowerShares QQQ (QQQ) at $55.26.
ISM index will be released at 10:00 am EST. Some market participants seem to know it at 9:55. If the index is less than 49.5, we will exit our entire PowerShares QQQ (QQQ) position. If the index is over 55 we will add a 20% tranche.
A large number of institutional investors have been holding AT&T (T) in anticipation of share gain after the merger. We expect several of these investors to start selling AT&T stock. This will put additional downside pressure on the shares of AT&T. When the time is right we will provide signals in real-time on the Real Time Feeds of the ZYX Buy Change Alerts and the ZYX Short Sell Change Alerts.
Acquisition of T-Mobil has been blocked by the Department of Justice. AT&T (T) has said that it will contest in a court. This development is negative for AT&T and Verizon (VZ). The development is neutral for Sprint (S). T-Mobile has been an aggressive competitor. T-Mobile staying independent means more competition for Verizon, AT&T and Sprint. AT&T will also have to pay $3 billion in a breakup fee. There will be trading opportunities in these three stocks both on the long and the short side. When the time is right we will provide signals in
Taking profits on Marathon Petroleum Corporation (MPC) right here at $37.40. Now we are exiting this position and will no longer be following it.
Adding to our silver short position in silver futures (SI) at $41.75. equivalent in silver ETF (SLV) is $40.70.
Taking additional profits on QQQ on a 10 % tranche at $ 55.44.