QQQ has hit the top of the first bounce target range (63.15) posted on Friday which provides an exit for those who were looking to play a quick bounce on any QQQ longs.  In keeping with my plan to reduce my overall market exposure this week, I have sold some of the QQQ longs that I took on Friday and will continue to scale out of the remaining longs throughout the week and quite likely by the end of today.  I will post some additional upside targets on the Q’s soon, as well as the AAPL & HPQ longs added on Friday.