Kudos to MMs

Watch NQ closely. Tech looks extremely tired and overbought. It can take the market down hard and fast...

 

And we all know that nitro likes it hard and fast.

NFV 1172.23. ANFV 1169.76. SPX 1141.62.

 

No can do. This is where values went out:

NFV 1116.07. ANFV 1154.81. SPX 1146.24.

 

NFV 1113.68. ANFV 1152.58.

 

NFV 1112.99. ANFV 1152.22. SPX 1,138.43.

Edge is 24. Take profits on the 35 units from 1145.05.

 

Code:

Date         Action    Quant Price    Position  Basis    Realized G/L
09/02/10     Short     -1    1089.00    -1    1089.00    
09/03/10     Short     -1    1104.00    -2    1096.50    
09/09/10     Short     -1    1107.00    -3    1100.00    
09/13/10     Short     -1    1121.75    -4    1105.44    
09/15/10     Cover     +2    1116.75    -2    1105.44     (22.63)
09/16/10     Cover     +1    1118.00    -1    1105.44     (12.56)
09/17/10     Short     -1    1133.00    -2    1119.22    
09/20/10     Short     -1    1142.50    -3    1126.98    
09/23/10     Cover     +1    1124.00    -2    1126.98     2.98 
09/24/10     Short     -1    1140.68    -3    1131.55    
09/24/10     Short     -1    1146.62    -4    1135.31    
09/28/10     Cover     +1    1133.19    -3    1135.31     2.12 
09/28/10     Short     -1    1145.05    -4    1137.75    
10/04/10     Cover     +1    1138.43    -3    1137.75     (0.68)
                        
                        
SPX    1138.43    Unrealized Gain/Loss         (2.73)        

 

NFV 1114.04. ANFV 1153.56. SPX 1135.06.

Just an update, nothing to do. We got very close to taking profits on the 24 units as well when SPX got down to about 1131. NFV was showing 1114 then too, making the target SPX ~1128.

 

NFV 1118.54. ANFV 1159.06. SPX 1148.44.

 

VVNFV 1193.12. NANFV 1163.22. SPX 1152.20

 

Stay on toes, we may get a chance to add a short 35 unit today.

Volume pretty heavy today which is interesting...