Tuesday, December 10, 2013

Small Ranges 12-10-13

Market fall below yesterday's range overnight. ES couldn't get back into yesterday's range after AM's try, but it didn't fall much either. It has only 7 point range, slightly better than yesterday. I guess the holiday and next week's Fed FOMC meeting are in traders' mind.

I was able to get in two ES positions for next week. USDA's world supply and demand report caused some volatile move but the grain complex moved back in range before closing. No major reset occurred.

News of a budget deal reached in Congress pushed market high after hour but falling back to the lower part of profile before middle night. Market may explore lower side tomorrow.

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