Wednesday, February 18, 2015

Waiting for Greece? 2-18-15

My plan:

Indices stayed in yesterday's range but lowered before open. Market is still watching Greece closely. My plan is still watch the risk on call side and try to sell puts.

Grains are down sharply from the open. My plan remains the same as yesterday.

My execution:

No trade in indices. It was a inside day for ES/SPX. Market didn't move up or down enough to get me filled.

Grains moved down sharply. Corn and wheat tested their break out lows. We will tell in the next few days if it's an resumed down trend or the retest before moving up.

I will try again to take out couple threatened indices call spreads.

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