Thursday, April 15, 2010

Covered Half ES Position at 1204.25

I had an order to cover the 2nd half at 1200.50. We came within 2 ticks of that in the overnight session, but I didn't get filled unfortunately. So, I am still holding the 2nd half short. If we move up much from here, I will cover the 2nd half.

One thing to note in the equities market is that the SPY opened up pre-market trading at $120.90. That is just above some intraday support. So, I'm waiting to see if SPY trades below $120.87 to see if there could be some continued selling. If SPY can then confirm below $120.63 I will be expecting a down market today. Otherwise, we will see new highs again today...

Still waiting on Charles Schwab to report this morning

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