Friday, July 31, 2015

FOMC Wednesday 7-29-15

My plan

Indices futures stayed in small ranges after yesterday's big gain. Most of the deck clearing are done. I expect choppy session before FOMC announcement at 2pm. I don't plan to add any new positions before and 1 hr after the announcement. I will try to exit some of my mutual positions especially on bear call side.

Corn and wheat gave back most of gains overnight. I will wait to see if them can hold at current levels.

My execution:

FOMC didn't produce a large swing as normally happened. No trade until 1 hr after the announcement.

No trade in grains either.

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