Tuesday, October 13, 2009

10/13/2009 8:30 pm update: NQ



  • my offer of 1738.50 was filled at 1740.00 on the open of the overnight session...
  • this trade: +8.50 NQ points/contract, 1 contract closed...
  • historical trades on the above chart are being displayed correctly...
  • no current bids or offers...
  • an upside surprise from INTC led to a 13+ point NQ gap up from the 4:15 close to the 4:30 open...
  • i will be watching how INTC opens tomorrow as well as the NQ...i have read some studies which suggest that large INTC gaps during earnings season tend to mark short to intermediate term pivots and reversals in the NQ/ES...this pivot reversal did not occur in july though...
  • in any case, i will be watching to see if the post market INTC and the NQ gaps are able to hold up into tomorrow's open...if they do, then i will be on the lookout for a potential gap fill in INTC and the NQ....
  • like i mentioned before, i am flat the NQ, and have no offers or bids open....
Disclosure: no position in the securities mentioned.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk ***

2 comments:

  1. I love your blog I am surprised more people are not reading this you are a bright trader. I am more into philanthropy but enjoy reading your insights.

    On 100k

    120 percent compounded return for 20 years

    versus

    140 percent compounded return for 20 years

    In the first example you only have money for yourself in the second you have enough for yourself and many others.

    It would be great to have you share your philanthropic insights on my blog.

    http://day-accountability.blogspot.com/

    Best regards

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  2. hi tom...thanks for the props...i am interested in providing some funds for micro-financing...i need to do some research on finding the best orgs that facilitate this service...if you come across any, please let me know...

    you have a neat blog, keep it up!

    adam

    ReplyDelete