Tuesday, November 3, 2009

11/3/2009 9:30 am update: NQ


  • yesterday morning, i sold 1 NQZ09 at 1683.50...
  • that trade: -4.87 NQ points/contract, 1 contract closed...
  • offering 1 contract at: 1705.00 and 1725.00
  • no bids....
  • long 2 NQZ09 at avg 1688.33...
  • not sure if the NQ and the ES need to selloff more before a more sustained rally...
  • not sure if that rally will take the NQ and the ES to new swing highs...
  • i am uncertain as to the probable near term direction....if i had to make a decision, i would say we go lower before we go higher...
  • i am still bullish longer term....
Disclosure: Long NQZ09.

***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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