Monday, July 15, 2013

T.J. 7-15-13 Monday

The market has maintained its uptrend without any meaningful pull back. It's only about 5 points away from the all time high reached on May 21. Any price target above that it's anybody's guess.

I set couple call sale levels but so far nothing has been filled. It's riskier to sell calls base on my past experience. I am waiting for the prices come to me. I got a fill of 1710 C for 280 after hour.

The bulls have been very cautions. They take small steps each day. ES shopped 1 point short of 5-21 high. It may be building energy to break out this balance area. YM and TF both set new highs last week already.  

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