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QQQ SPY trending h igher while VIX is at 52 week lows.

0115-0116. FB. 31.29 29.64. QQQ SPY trending h igher while VIX is at 52 week lows. Entering a possible supply zone after a strong uptrend move. 15. Earnings not until th e end of the month but Fed Beige book release on 011613 could cause volatitilty . BUY THE RUMOR AND SELL THE NEWS.

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QQQ SPY trending h igher while VIX is at 52 week lows.

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  1. 0115-0116 FB 31.29 29.64 • QQQ SPY trending • higher while VIX is at 52 week lows. Entering a possible supply zone after a strong uptrend move. • 15 • Earnings not until the end of the month but Fed Beige book release on 011613 could cause volatitilty. • BUY THE RUMOR AND SELL THE NEWS 2013 SHORT +5.27%

  2. FB 011113 5. TAPE AFTER THE POSITION WAS CLOSED. 4. TAPE AT THE EXIT OF THE POSITION 3. TAPE DURING THE OPEN POSITION 2. TRADE AT THE ENTRY OF THE POSITION 1. BEFORE THE TRADE WAS EXECUTED

  3. FB 011113 1 • 1 1. BEFORE THE TRADE WAS EXECUTED

  4. QQQ 011113 • 1 THOUGHTS: Even though the market is trending higher, extended stocks can still pullback Or start selling off before the market turns lower. However, you are going against the general Tide if you short an uptrending market so a tight stop loss needs to be in place.

  5. SPY 011113 • 1 THOUGHTS:

  6. VIX 011113 • 1 THOUGHTS:

  7. FB 011413 • 1 THOUGHTS: After a nice run up since mid-November (15 day run into December consolidation) And then another move higher for first two weeks of January 2013 (11 days), the trend seemed extended, going from around 17 to 32 in less than two months.

  8. FB 011513 • 1 THOUGHTS: This was the announcement later in the trading day.

  9. FB 011513 • 1 THOUGHTS:

  10. FB 011513 2 • 1 2. TRADE AT THE ENTRY OF THE POSITION STOP LOSS 32.00 TARGET EXIT 28.50-29.50

  11. FB 011513 • 1 THOUGHTS: Market was trading sideways.

  12. FB 011513 • 1 THOUGHTS: The view on the HTC Trading by phone. The trade worked right away. A 31.29 price was executed with a market order indicating a lot of buyers pushing the bid higher.

  13. FB 011513 • 1 THOUGHTS: The view on the HTC Trading by phone. The trade worked right away. A 31.29 price was executed with a market order indicating a lot of buyers pushing the bid higher.

  14. FB 011513 3 • 1 3. TAPE DURING THE OPEN POSITION

  15. FB 011513 • 1 THOUGHTS: Markets close the day higher even though FB sold off.

  16. FB 011513 • 1 THOUGHTS: Markets close the day higher even though FB sold off.

  17. FB 011513 • 1 THOUGHTS: QQQ SPY after hours.

  18. FB 011513 • 1 THOUGHTS: SPY holding above 10 dMA, trending higher.

  19. FB 011513 • 1 THOUGHTS: The trade continued its downward movement twenty to thirty minutes later as the news conference continued.

  20. FB 011513 • 1 THOUGHTS: Other tape action and after hours movement.

  21. FB 011513 • 1 THOUGHTS: The short trade worked from the start today and continued To work into the close and after hours.

  22. FB 011513 • 1 THOUGHTS:

  23. FB 011513 • 1 THOUGHTS:31.50 to 32 was the supply or cover short zone.

  24. FB 011513 • 1 THOUGHTS: FB was pulling back to the 10 dMA and held around 30. I expect it to Go to 28-28.50 demand zone and hit 20 dMA as well near 28.50 by 011612.

  25. FB 011613 • 1 THOUGHTS: Pre-market movement on the second day.

  26. FB 011613 • 1 THOUGHTS:FB was moving higher in pre-market trading but couldn’t budge past 30.43, which Proved to hold as hours opened.

  27. FB 011613 4 • 1 4. TAPE AT THE EXIT OF THE POSITION

  28. FB 011613 • 1 THOUGHTS: With markets trending higher into the Fed Beige Book announcement and FB hitting 5% gains in less than 24 hours, it was time to exit to avoid the most likely bounce back as the markets drifted higher. To get to 28.50 could take another 2-5 days, so with the current market trending higher, position was exited.

  29. FB 011613 • 1 THOUGHTS: GOOG mobile viewpoint.

  30. FB 011613 5 5. TAPE AFTER THE POSITION WAS CLOSED. • 1

  31. FB 011613 • 1 THOUGHTS: S&P500 is getting ready to make 5 year highs so get out.

  32. FB 011613 • 1 THOUGHTS:

  33. FB 011613 • 1 THOUGHTS:

  34. FB 011613 • 1 THOUGHTS:

  35. FB 011613 • 1 THOUGHTS:

  36. FB 011613 • 1 THOUGHTS: Intraday, I left right near the day’s low.

  37. FB 011613 • 1 THOUGHTS: After a three day sell-off, expect a bounce back?

  38. FB 011613 • 1 THOUGHTS:

  39. FB 011613 • 1 THOUGHTS:

  40. FB 011613 • 1 THOUGHTS: More FB charts will come tomorrow, next week and 1 month from now along with market charts to determine if the entry and exit points were well chosen.

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