Thursday, July 18, 2013

T.J. 7-18-13 Pop and Drop

ES popped right off the gate and all the way to 1688 this morning. It then flagged most of the day. This type of price action is hard to trade since there are not much swings. After closing, both Google and Microsoft missed their earning estimate and futures start falling. Tomorrow is Friday and monthly options expiration day.

I didn't get any fill today because it didn't reach my call selling target. Get watch for the down side risk as a pull back is expected. A short term down trend is possible.

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