The short term effects of BOJ neg rate is over as of today. Indices gaped down this AM and didn't get much recovery. SPX and RUT lost 1.88% and 2.25% respectively. The B/O area on BOJ news were tested before end of today. It appears that CL and stocks are linked again. CL is once again below $30 and retesting last week's low. Based on today's closing and price structures we may see another leg down if the b/o area couldn't hold which is around 1870 for SPX and 990 for RUT.
There were 10 trades filled today. Closed some calls and sold some puts and calls. Most of my March put spreads didn't get filled. I tried not to chase the fill. I may have another chance tomorrow or the day after. Keep in mind that I control my risk and pick the area I want to do business with.
Risk factors remained about the same as yesterday. I have some ammunition to fire should we get another let down.
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