My plan:
Market is anticipating ECB's stimulus policy announcement early tomorrow morning. It could be a market mover. With that in mind US indices could be choppy today. I may not want to do anything with it today unless it's far out of dated.
Grains titled up a little. I will continue to manage my risk, and reduce size in wheat. Remember not to over manage the positions.
My execution:
ECB released a plan to purchase 60 billion Euro bond per month and equity markets reacted positively. It will have a formal announcement tomorrow morning. Expect a large swing for many markets. I was a little confused about ECB's process. I thought the announcement was done so I started to plan some entries. I had only one fill for SPY Feb 1, 185 naked sell for $0.38x6.
Grains were range bounded. I don't have any trade except a close of corn expiring position overnight.
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