The QQQQ opened 2.5% lower today along with the rest of indices – a 30 day low. This is not a good sign to say the least. For the time being I’m recommending you sell whatever shares you’re holding for QQQQ & ATVI.

There are a lot of reasons why but overall the main one, in my opinion, is that the stock market needs to cool off. Only time will tell if this was a cool off or a major shift.

Today the FED will meet to discuss whether or not they will raise the interest rates. Based on the amount of stocks going up today — it looks like the market may already know the answer. Answer being – they will decide to keep the interest rates the same.

We’ll see how this affects our current 2 open positions – QQQQ & ATVI. I’m also considering buying IDC, but we’ll wait to hear from the FED and see how the market reacts.

Stay tuned!

Activision’s – ATVI - went up quite a bit last week. I don’t recommend buying anymore unless you already did that last week. Just hold for now and if it goes below $12 then we will strongly consider selling it. In the meantime though I still think it’s headed for higher ground.

IDC - Interactive Data Corp
Meanwhile there’s another stock that is looking like it’s heading up – IDC. We’re going to be watching it today and if possible even buy it. The charts are looking great. It’s down from $25 in June to $22.50 today.

QQQQ - It’s still at $39.75!
It’s difficult to gauge what direction QQQQ and the overall markets want to move. In the last 5 trading days the QQQQ stock has stayed at almost the same $39.75. This usually means both buyers and sellers are battling it out and we’ll know the winner soon – hopefully. At this point pretty much any bit of good or bad news can sway the market. Be careful. Don’t buy, if you’re holding don’t sell unless it starts to head down.

Normally if one or even two stocks are headed down then it’s not a cause for concern.   But today almost all of the stocks and the overall market seems to be showing a bearish signal.  This can mean one thing and that is that for the short term a lot of these stocks are headed down including the overall market.

That’s fine. They’ve had a good run for the past few weeks and some of them months,  so it seems appropriate that they need to cool down and establish support before they head higher.

I’m very close to recommending that you sell the remaining 2 stocks that we’re holding. But I’ll wait until tomorrow to make that decision.

How Was Your Trade?
If you were one of the investors that made a few percentage from our recommendations then please post your comments or email me directly.

We had a good run with Netflix, not so much with Apple.

Netflix – Sell
On July 30 we recommend Netflix and since then it’s gone up from $42.50 to $44.50 – about 4% in a few days. Not bad. We’ll sell it for now and then once it’s gone down significantly we’ll buy it again.

Apple – Sell
We also recommend Apple and since then it’s gone from $161.00 to $165.00 – about  2.5% in a few days. Not quite what we were hoping for but not too bad.  Same as above we’ll sell it for now and then once it’s gone down we’ll buy it when it’s low.

QQQQ – Hold
The charts say it’s overbought so it might be a good time to sell but it may also go up on a wave of good news. So for the time being don’t buy, don’t sell.  Hold if you have it.

ATVI – Buy (if you haven’t already bought it!)
We also recommend ATVI last Thursday – July 30th.  ATVI was looking a bit iffy until today when it shot up 3.5% in one day. It’s looking like it’s headed up so I’d recommend buying but only for a few more days. After that it may be overbought.

Have a great Tuesday.

There are about 3 to 4 stocks that are currently in play, but that doesn’t mean there aren’t any other stocks. Here is a list of stocks that I like but are not ready yet so we’ll leave them on our Watch List (for now!).

Watch List
SBUX – Starbucks

COST – Costco Wholesale Corp

ELNK – Earthlink, Inc

VDE – Vanguard Energy Vipers

If you see a growing company with good trading volume that you think should be included then send us an email and we’ll consider it.

The stocks bounced back faster then expected on a wave of great news. If you were thinking about buying any of these then this might be a good time to start.

Also notice we’ve added in a stock ticker on the right side, which will allow you to track the stocks. I’ll be tracking them closely to see how they perform and when to sell them.