Tuesday, March 4, 2014

Geopolitical Effects 3-3-14

The weekend was full of news from Ukraine and Russia. Apparently Putin is getting authorized to use force in Ukraine. As expected Futures had big moves on Sunday night.  All index futures went down and most commodities futures gaped up.

It was like a blood bath on Monday. The conflict between Ukraine and Russia appeared inevitable. Most sectors moved to opposite of my positions. ES was down more than 25 points from last Friday's closing. Grains and crude oil had 2% or more pop. I was expecting a multi-day volatile movement. I mainly tried to hedge my positions in grains. I bought a SPY put before closing. I wanted to catch another down day with possible overnight event from Europe.

I spent most of the night away from market watching and trying to fix my Iphone's screen. Without a proper tool I couldn't complete the job.


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