Wednesday, September 30, 2009

9/30/2009 10:15 am update


  • wow, lots of volatility...chicago pmi spooking the market...economic recovery fears are back...
  • last day of the month and the quarter...maybe some long based portfolio managers are getting scared and booting some inventory...
  • we shall see if the ES and the NQ can fight this selloff and close green on the day...
  • glad i sold that NQ lot at 1722.00
  • got back into the NQZ09 at 1708.50 and at 1696.00...avg entry price is now 1702.25...
  • not happy to see a nice unrealized gain in the ES go back to breakeven and even red...still lots of time before end of day thursday...
  • no plans to add to the NQZ09 discretionary swing trade position at this time...
  • currently offering 1 NQZ09 contract at 1713.50 and at 1723.50...
Disclosure: Long NQZ09, Long ESZ09.

***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...trade at your own risk***

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