Thursday, November 5, 2009

11/5/2009 10:45 am update: NQ



  • so much for my thought yesterday that the NQ would see a narrow range day with a downside bias today...
  • now, with the ES trading up to the flat 200ma on the 60M chart, and the NQ trading up to the flat 200ma on the 60M chart, and just past the 10:30 rt, with the financials lagging and tomorrow's pre-open jobs report, i sold the last NQZ09 at 1718.25...
  • this trade: +32.46 NQ points/contract, 1 contract closed...
  • i was trying to hold until 1725, but i just couldn't...
  • i might look to buy this contract back later in the day just above 1700...
  • i think we will see a meaningful selloff of at least 1% sometime later today...
  • no current offers or bids...

***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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