Thursday, November 04, 2004

Taking out Stops

I'm taking off from work Friday so expect my posts to be very limited. I'll probably check in at the market open and check the job's report and the market's reaction to the report. From there I plan on shutting er' down and enjoying some of this great weather.

Quick update on the trading systems:
  • Trigger to sell one QQQ system at Friday's market open (current profit 2.56%).
  • 2 QQQ systems will continue to be open with current profit of 2.56%.
  • 1 QQQ system continues to be open with current profit of 1.92%.
  • MCD system continues to be open with current profit of 3.42%.
  • CVT system continues to be open with current loss of -2.16%.
Of course, if you've been reading my blog...you'll know I'm out of these systems.

Check out the QQQ chart below.



It looks like many traders are betting on a great jobs report tomorrow morning. I believe even if we don't get a good report...the market could still rally. So, be careful out there. And remember, next week is a new beginning.

Until then...

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