Tuesday, June 25, 2013

T.J. 6-25-13 A Dead Cat Bounce?

Major Asian markets took a big dive after their open and recovered with European markets after ECB's positive remarks on maintaining low rates. All markets are hooked on central banks cracks.  It looks like the market is trying to test higher after 4 day's drop.

I will try to use the bounce to exit the positions under water and maybe sell a call for this week.
Partial exit 1550 and no sale of calls were filled.

ES ended to be a inside day. We may have a chance to push up if it hold last night's low of 1566 area.

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