Tuesday, July 22, 2014

A Failed Bounce 7-22-14

Soybean and wheat bounced overnight and after open on Europe buying and export data. The bounce failed before lunch. My exit orders of soybean of 1260, 50 filled before RTH. It looks like people are covering their short for the last 3 days of the week. I am the sucker to buy from them now. But I roll them over to Dec in 2:1 ratio as I planed yesterday.

ES made another new high to 1981 today. I tried to enter the 2nd leg of RUT iron condo but didn't get it.

CL fall back and I got out my bear call of 110. Will try to get out my bull put of 95 to release my margin.

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