20 February 2007

Pocketing Some Gains


Exited NQ futures position @ 1840 for a nice 7.5 points. The S&P's were ticking off new highs and the NQ's were just sitting tight with little volume so I exited figuring there might be some downside risk and considering my recent lack of pocketing gains I took the money and ran. Markets continue very strong and betting against the bullish train has not been very bright. Next stop on the NQ's figures to be the 1848-1850 level, won't be doing anything in this market until then.

Bought some OIH $140 March calls for a trade @ $1.35...see you in the swamp...jfg.

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