ES reversed yesterday's up thrust. It started moving down out of gate. The down move was in an orderly fashion. Buyers stepped in in the last hour and took it to yesterday's low. It was like a tug was this week. There was no force in control. I guess trade is waiting for next week's FOMC. I will be in waiting mode before next Wednesday. I sold an October 3rd 1870 put this morning when yesterday's low had a strong push up. I thought it was a turning point but it failed at PP. I then entered the same order at $450 in S-5 account.
Corn and soybean consolidated today. The weekend frosting forecast held these contracts. Wheat made a new low of $5.00 but closed at yesterday's low. It looks like $5.00 price won't hold. I scaled out one each of my corn and soybean puts of this month to lock in some profit and preventing time decay over the weekend. I will have to take a stop on a pop or rollover of my 310 bull puts. Another undisciplined loser.
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