Thursday, October 15, 2009

10/15/2009 10 am update: NQ

  • my 1745 bid on the NQZ09 was hit pre-open...unlike my comment from last night, i was too aggressive and the bid should have been in the low 1740's...
  • i sold it at 1749 just before 10 am...
  • this trade: +4 NQ points/contract, 1 contract closed...
  • weak A/D line, weak SMH, weak FAS suggests to me that the NQ may test the 1740 pivot by the end of lunch...
  • flat the NQ, no offers...bidding 1741.50 and 1726.50...


Disclosure: Long FAS.

***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 ***

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