Today is first day of the first full week of trading. The big money guys are supposedly back from holiday vacation. Market tried to push up at open but failed to close in last week's range. My S levels has not hit yet. There are still not enough fear on this third down day. VXX stays at 41.5 to 43.6 range. Despite of the 15 points move today I didn't get any fill for my ES orders. Volatility is fairly low. Market is waiting for this Friday's job report. The uptrend is still intact but we may get a mild correction.
CL punched through my S1 level and held on the cliff. There was no strong rejection but hanging on the cliff for now. The down trend continues. I didn't get any add on or exit today. If this level holds we may see a bounce, It has been 5 down days and over 7% retrace. Of course it may go down to break the 92 level.
No add on to grain positions either. I will try to exit Soybean 1220 before this Friday's report. My 1180 position is still far OTM.
I had SPY call near the money with Vader. May have to take stop tomorrow. I started to trade RUT spread now. It seams harder to get filled. Will continue to trade SPY, IWM spread.
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