Thursday, October 18, 2007

Couple of Trades

Did an NQ trade tonight (Wednesday morning in the US) that got back what I lost last Friday. This was an "overnight trade" though it involved more of our night time than the American night-time :) I bet on the opening gap closing following the release of the CPI and housing starts numbers at 8:30am US time. Eventually it worked, though rather better in the SP500 than the NASDAQ. Now I've gone long QLD, the levered NASDAQ 100 ETF. The model is long. Upcoming market moving news is the Federal Reserve's Beige Book at 2:00pm US time. It's looking like maybe I should have waited for the NASDAQ gap to close too!

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