Thursday, October 22, 2009

10/22/2009 4:30 pm update: NQ



  • exited a second NQZ09 contract at 1765.25, just below the high of that mini up swing at 1766.25...
  • this trade: +6.92 NQ points/contract, 1 contract closed...
  • today: +1.60 NQ points/contract, 2 contracts closed...
  • today relative to yesterday's closing position in the NQZ09, i am happy to have lowered my cost basis from 1763.75 to 1758.33, decreased my position size from 2 contracts to 1, and to have booked a small gain...
  • i am offering my only contract out at 1777.50...
  • i am bidding for 1 contract at 1747.50 and 1722.50...
  • on another note, i follow the S&P 500 and the NASDAQ 100 stem.mr model's over at sentimentrader...
  • i have noticed that when the stem.mr oscillator for the NASDAQ 100 appears to have peaked and begins to rollover, i may be too aggressive with my NQZ09 additions...
  • i may also be too conservative when this oscillator appears to have bottomed and then turns up...
  • i need to pay more attention to this...
  • like i have mentioned in an earlier post, i have been following jason goepfert's work over at sentimentrader for nearly a decade...some of his models are significant inputs into forming my overall bias for the market...
  • his subs are reasonably priced for the retail trader/investor....i am not sure if he has trial subs...in any case, i highly recommend his work...
Disclosure: Long NQZ09.

***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 ***
Posted by Adam Berkowitz at 10/22/2009 04:31:00 PM
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2 comments:

  1. mvwThursday, October 22, 2009 5:44:00 PM

    I've seen a lot of people mention that site before, never knew what it was. They actually do have a free trial so I'll take a look. Thanks for the recommendation.

    ReplyDelete
  2. Adam BerkowitzThursday, October 22, 2009 8:35:00 PM

    mvw,

    jason puts out a morning note about 15 minutes before the market opens...

    i follow his 'smart money/dumb money confidence' spread (with data going back to 1986), 'short term score', 'intermediate term score', 'stem.mr model' for s&p500 and nasdaq100...

    these are all inputs into my short, intermediate and longer term directional bias...

    after you have had some time to digest his work, please let me know if you find it to be useful for your style of trading...

    all the best,
    adam

    ReplyDelete

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