Trading QQQQ

QQQQ - Index shares for the NASDAQ 100 Index.

23-Jan-2009 open long position at $28.76
10-Feb-2009 close long position at $31.39 gain $2.63

On January 22, 2009, commentary was issued by the StockTradersPlace trend following system to buy QQQQ on January 23, 2009 if it closes above $28.76 with an up candle (i.e. the closing price is higher than the opening price for the day).

On January 23, 2009, QQQQ closed at $28.90 with an up candle so it was bought at $28.76. From there, an up-trend prevailed until February 9, 2009 when StockTradersPlace issued a commentary to sell QQQQ on February 10, 2009 if it closes below $31.39 with a down candle. (i.e. the closing price is lower than the opening price for the day)

On February 10, 2009, QQQQ closed at $30.34 with a down candle so it was sold at $31.39 for a $2.63 profit.

Check out the StockTradersPlace QQQQ chart.