Thursday, September 1, 2016

Lower Lows 9-1-16

Indices had same pattern as yesterday. They closed around b/e after an early selling. They are just marking the time for tomorrow's NFP report. However a pattern of lower lows on daily has formed. SPX is closed on top of prior balance area of  2175-2147. Of course market's interpretation of NFP will overwrite of follow through this pattern. I will be ready for either directions the market takes. I prefer the downside though.

Made 4 trades today. 1 rollover of RUT 1130 DITM and 3 closing positions. I was going to SC to do June's car registration and my license application. But the paper work didn't come. I will try to rollover my 4 other ITM positions tomorrow before lunch so I can go to Anderson SC again. If not then it will be next Tuesday since Monday is the Labor Day.

Risk profile reminds in the same range. I may have to buy more hedges after rollover tomorrow.


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