What a wonderful day/week to say the least.
This coming week is options week and two things are going to happen.
Either the market will run another 50 points or it will come off 50.
If your still long you have Monday and Tuesday to book profits, before a astrological storm hits the market.
If your short you might have another couple of days of pain before there is relief.
While Monday is a Jewish holiday in the US i doubt there will be much volatility.
Lets look at the astrology for the week ahead
For the students of astrology
17th
Either way but light.
Watch grains as they can start to come off (beans)
18th
The VC is looking positive(7.30am) so leading up to it will be positive and 3 hours after
Use that 3 hour window to reevaluate your position.
Watch the beans and bonds.
19th
Negative down
20th
Even more lower than yesterday. Good day to book short profits
21st
The bad news day from yesterday will temper the market into this options expiry day.
watch bonds
The Sag moon affect will kick in today.
Trade positions at the present time
Long bonds 14500 & 14428
Short Beans 1760 & 1755.
Just a quick note if anyone jumped on the ES DEC 1480 or 1500 calls Please make sure you book profits in them on Monday or Tuesday 11am at the latest.
As you could loose some serious premium.
up over 60-100%
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
This coming week is options week and two things are going to happen.
Either the market will run another 50 points or it will come off 50.
If your still long you have Monday and Tuesday to book profits, before a astrological storm hits the market.
If your short you might have another couple of days of pain before there is relief.
While Monday is a Jewish holiday in the US i doubt there will be much volatility.
Lets look at the astrology for the week ahead
For the students of astrology
17th
Either way but light.
Watch grains as they can start to come off (beans)
18th
The VC is looking positive(7.30am) so leading up to it will be positive and 3 hours after
Use that 3 hour window to reevaluate your position.
Watch the beans and bonds.
19th
Negative down
20th
Even more lower than yesterday. Good day to book short profits
21st
The bad news day from yesterday will temper the market into this options expiry day.
watch bonds
The Sag moon affect will kick in today.
Trade positions at the present time
Long bonds 14500 & 14428
Short Beans 1760 & 1755.
Just a quick note if anyone jumped on the ES DEC 1480 or 1500 calls Please make sure you book profits in them on Monday or Tuesday 11am at the latest.
As you could loose some serious premium.
up over 60-100%
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
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