The weekly jobless claim number came out 28k higher than expected and housing start number was also below expectation. The market didn't react much negatively. It's still consolidating at upper part of profile at 2pm. It may blast out higher since overnight high was taken out and most of the dips were bought by buyers. So far ES has had only 9 point range. Some people interpret the bad news as a positive sign as the Fed may not end QE3 soon. There are just too much free money flowing around from BOJ, ECB and FED. Apparently, core CPI was only up 0.1%.
P.M update: price started to fall in the last hour. It went into yesterday's lower profile. It's auction in that low volume area. It could go either way tomorrow. I was able to get risk off of my 1660 calls and got in another put for a 1 day scalping. But there are two more call at lower points. I will be forced to take a loss as they are expiring tomorrow. I didn't follow my rules and overcome my fear to set hard stops for them. A heavy price to pay.
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