Friday, April 3, 2015

A Slow Day Before Easter 4-2-15

My Ninja software crashed last night. It took me almost two hours to fix it. So I missed the morning planing.

A slow day was expected.

My execution:

Indices maintained a small positive posture. People are unwilling to committee before tomorrow's job report. Market will be closed for Easter. ES/SPX stayed above CHVA.  I placed a SPX put vertical spread based on Thomas's weekly strategy. It's looking pretty good from the statics. I am playing it as a scalping strategy in addition to Karen's set up and my regular 2--30 day set up. Pursue it with caution.

Grains popped, especially with wheat. It went above 5.4 for the first time only to pull back to 5.34. The weekly chart turned up nicely but daily looks a major rejection. I may have to roll out next week. Two of my last three positions in corn closed.  

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