A better play for a day like today when you not sure which way market is going -- QQQ
By put in tight stop loss on QQQ, you might be able to make 1k/day on qqq by buying or shorting 1k shares:
Here are the top 10 holdings of QQQ:
1, Microsoft Corporation MSFT 16.62
2, Intel Corporation INTC 7.84
3, Cisco Systems, Inc. CSCO 6.9
4, MCI WORLDCOM, Inc. WCOM 5.78
5, Dell Computer Corporation DELL 4.43
top 5 total percentage: 41.57%
6, Sun Microsystems, Inc. SUNW 2.37
7, Yahoo! Inc. YHOO 2.01
8, Amazon.com, Inc. AMZN 1.91
9, Level 3 Communications, Inc. LVLT 1.88
10, Amgen Inc. AMGN 1.86
top 10 total percentage is 51.6% |
