Thursday, March 19, 2015

A New Week 3-9-15

My plan:

Indices futures recovered slightly and stayed in last Friday's range overnight. ES stopped at the top of the next HVA. It appears ES/SPX may move back to the prior balance area or auctioning the LVA of 2066-2090. After Friday's sell off, the sellers may not done yet although the uptrend is still intact. I will try to sell bear calls on any decent pull backs to maintain my call/put ratio. I am working on travel arrangements for Yinmore visitors this week. My trading activities will be limited. My first job is watching my risk.

Grains moved up overnight. This wave of selling may be over. I will continue to reduce size and risk when possible.

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