Monday, October 27, 2014

Inside Day 10-27-14

My plan:

1. ES opened slightly higher on Sunday night but pulled back overnight after European open. It ranged from 1965 to 1950.25.

I didn't finish my daily plan in the morning since I had to pick up Alissa from a doctor's appointment at 11:30am, then pick her up again from school at 3:30.

ES/SPX consolidated on upper part profile of last Friday with a 15 point range. The hourly up trend was held from a sell off in the morning. It appears in a upward pattern waiting for FOMC this Wed. I tried to exit my ES 2005 and SPX 2000 spread but no fill. I will try it more aggressively tomorrow. I don't want to end with a big loss with FOMC surge.

Grains recovered from last Friday's sell off. Soybean and corn were fully recovered. Wheat had about 50% retrace. I need to look more seriously on up side potential now. If the seasonal hold true for this yr then the lows were done already. I want to look for historical charts of 2003 and 09 which both were record production year.

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