I'm planning to post an update of the long term possibilities presented a few weeks ago, hope to have time for that tomorrow.
Friday, May 28, 2010
Friday 5/28/10 wrap up
Got the bottoming action on the 30 minute V Stoch that I've been looking for late today so went long ES. However, same problem here as a few weeks ago with opening a trade on Friday going into the weekend and the potential for bad news out of Europe, compounded this time by being a U.S. 3 day holiday weekend. Also compounded by a mid-afternoon announcement of a downgrade of Spain's debt rating. Did the same thing here as last time, hedged the position with puts rather than a stop loss for fear of gap down open on Sunday night. BTW, the ES is trading starting Sunday @ 5 PM thru Monday @ 10:30 AM (CST) and then re-opening Monday @ 5 PM.
I'm planning to post an update of the long term possibilities presented a few weeks ago, hope to have time for that tomorrow.
I'm planning to post an update of the long term possibilities presented a few weeks ago, hope to have time for that tomorrow.
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Al, I also took a small long position as I saw the V go long. 500 FAS. By the way, thanks for letting us know about the Globex trading Sunday night.
ReplyDeleteHey Tony - working on a post re: long term possibilities, I think you'll appreciate it, should be up before the end of the day
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