will retry later
edit:
We cannot rule out backtest of highs nor testing 1182-4 level on ES
Thursday, April 01, 2010
Wednesday, March 31, 2010
Lazy market
They had a great opportunity to play the "red" scenario out yesterday after marking lows but they refused to do it. Instead, more range bound action is still the name of the game. As I write this, ES is at 1166 after a nice dip but until 1162 is taken out, we are still in the same range.
We may get some movement early tomorrow but the expected lack of volume almost warranties bulls are pretty safe for now.
On Friday we may see some little surprises with payroll numbers but I will wait until Monday to see a real definition of this sickness and, only then, rule out "red" scenario. For now, I 'd be very cautious with longs :)
We may get some movement early tomorrow but the expected lack of volume almost warranties bulls are pretty safe for now.
On Friday we may see some little surprises with payroll numbers but I will wait until Monday to see a real definition of this sickness and, only then, rule out "red" scenario. For now, I 'd be very cautious with longs :)
Monday, March 29, 2010
Quick note
Market remains in range bound. I was expecting a little higher prices to short but for now, they refused to break above 1171 area. Will wait until Wed morning, max. After that I expect volume to be too low to trade.
There is a possibility we rally a little AH to gap down tomorrow.
GL
There is a possibility we rally a little AH to gap down tomorrow.
GL
Sunday, March 28, 2010
Friday, March 26, 2010
Covered all at 1162 -
Not interested in holding into the WE,
Daily net:
-2 pts
+11.75 pts
+0.50 pts
-----------------
+ 10.25 pts (not weighted)
Daily net:
-2 pts
+11.75 pts
+0.50 pts
-----------------
+ 10.25 pts (not weighted)
reshorted at 1161.5 - 25%
this last 3 trades are to manage position, improve avg, stance remains the same.
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