Monday, July 8, 2013

T.J. 7-8-13 Monday Again

ES gaped up to 1631-1638 zone and has been chopping all day. It's near BBD upper line and crossed BB mid on weekly chart. It's continuing to challenge 1650-1660 area and above 1670 may bring it to its new high. Bears have to defend 1670 and below.

I am just patiently waiting for an edge to sell my options when it's getting to my level. It's a choppy day. Earnings season started today. Alcoa beats estimate.

No fills in ES nor SPY hedging. I took a half off my QIHU and CAMP as they hit my initial targets.

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