With AAPL dropping another 5 points after yesterday evenings 20 drop point, the Dow opened down 210 points, and the QQQQ touched the Monday low before rallying to nearly positive during the first hour. Around 11:30a EST, the QID after opening up 8% consolidated its gain by 2 points before rallying again above its 54.35 opening ask.
Lots of winners from the trade group whether its their longs in QID or SDS, or almost anything short.
At the moment, we're up about 2% today even with the 875 share position of FXP up 8%. We are still down about 3.2% for the first three weeks of 2008, so don't even think you have reason to celebrate.
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