Tuesday, February 25, 2014

Holding Up 2-25-14

ES held up in IVA. Buyers stepped in before closing. I sold 1750 puts for March 14. No other fill today. It appears that market is going to try for a new high again.

CL broken down overnight and this morning but pushed half way back to below HVA. I had 2 puts didn't get fill since CL didn't not go far enough to fill a old gap. It could be a confirmation if the mid of last three day hold.

Grains are holding up well. Soybean had another up day and took out the high of Sept,2012 at 1385. China keeps buying more of soybeans since Brazil's export got delayed by its infrastructure and weather problems.

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