All the targets were hit and some. Note that NQ moved back below 1692.50, a key level, after hours. We will see what tomorrow gives, but I expect QQQQ to be pinned around 41.50, maybe even lower. As for YM, the star of the day, it closed above weekly R2, quite a feat. Opex Fridays are typically not a good day to trade and I recommend staying flat and keeping those well earned profits from a rally that was quite predictable. Those excessive SPX puts I kept harping about were the canary in the mine. Once again, it paid off handsomely to keep an eye on open interest.
This entry was posted
on Thursday, February 16, 2006 at 11:18 PM.
