Tuesday, June 24, 2008

Dow and NASDAQ Update



I just wanted to update all of you on my position in the market because I know some of you did this trade with me. I covered a little more than half my short position in the dow as my target zone was hit today and I also exited my QQQQ long position at a small loss. The NASDAQ is still showing strength but as you know I keep my stops very tight which means I take small losses so I'm out of the NASDAQ.

I still think the Dow can move lower so I will trail my stop on my remaining short positions to allow profits to run and at the same time lock in the profits I already have. We'll see what happens.

1 comment:

david santos said...

Excellent post, Kevin, excellent!
Happy day

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