Wednesday, July 3, 2013

T.J. 7-3-13 None Event

ES dropped to 1594 over night perhaps caused by Egypt's unrest. It recovered in the morning after ADP's positive job report. I had 3 winning ES SIM trade and recovered from yesterday's loss. Also entered a 1635 call selling for a quick scalp with free margin. I should be home free if ES doesn't gap up above 1621 into CHVA. I resisted the temptation to get in 1630 with higher premiums of $1.5. It's just too close to daily upper range.

Gold still couldn't push into gap zone despite the overnight pop. It reached $1.5 but not to my target and fall off. I am going to hold it to Friday and risking a loss of 50-70%. It may double if we get a pop into the gap zone.

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