Market Down, Cubes Up

[Capital Essence NewsDesk] As predicted, stocks opened on a positive note Monday morning with the NASDAQ-100 Index (NDX) broke out to a new multi-year high. The high was, however, met by an even more aggressive wave of selling. The tech rich index managed to close in the positive territory, up 8 points to 2057.75, though well below the intraday high of 2072.53.

Editor's Note: below are just some trading ideas flow from our latest Headlines.

"Cubes Speculator Bulletin"

September 23, 2007 @ 3:30 PM

An advance to above $50.60 indicates a test of the third target about $51.

September 24, 2007 @ 10:30 AM

The "Cubes" is consolidating around the $50.90 level as I type

We'll take some money off the table.

As you can see, after climbing as high as $50.96 followed a bullish breakout above the expected $50.60 level this morning, QQQQ declined immediately after our intraday alert @ 10:30 am.

 

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