- well its 3:15 on wednesday of thanksgiving week, and the major stock indices are green, with the mid caps (EMD) leading up around 1.00%, the small caps (TF) lagging up about 0.10%, ES up about 0.50% and the NQ up about 0.40%...
- the ES has been leading the charge lately, and continues to bang its head on the 1110ish resistance level, while the NQ made its high last wednesday around 1813 and is now having a hard time moving beyond the 1800 whole number...
- though the friday after thanksgiving tends to be bullish, i am long the NQ via two strategies (discretionary swing trade and 'Turkey Long')...i am concerned that if the ES can not break above 1110ish on friday, then the NQ may have already peaked...i want to reduce some exposure and lock in some gains, so instead of holding the discretionary swing trade until the offer of 1807.50 is hit, i decided to sell it today at 1794.00 into the end of day runup...
- this trade: +12.50 NQ points/contract, 1 contract closed...
- i am still long 3 NQ contracts via the 'Turkey Long' model...if the money management stop is not hit, this trade is due to be exited on monday's open...however, if there is a big pop in the NQ on friday or during the sunday night session, i may scale out of it ahead of the monday morning model exit...
***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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