Waited for open to see how how the market was going to react.l My biggest fear was that we would see a filling of the gap following those crappy housing numbers (-10%). There wasn't a big sell off of the gap, but a steady drip lower was kicking in. My momo indicators went south, so I peeled off my last ER2 position for +63 ticks and my final two YM positions when the drip didn't cease (+60 ticks and +52 ticks). Below is the summary of the overnight positions:
YM: +197 ticks (equal to +$975 for one contract position)
ER2: +131 ticks (equal to +$1,310 for one contract position)
Market is attempting to give a good push down to at least close gap to yesterdays close. ER2 is holding up the market with a bit of strength for right now.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment