One trader's personal insights and thoughts about trading the markets through market structure, logic and intuition.
Thursday, November 18, 2010
Thursday thoughts
Risk off. Risk on. Risk taking appetite is back. I think the ES has a very good chance of retesting 1200 from here. Today looks to me like a gap and go situation. Because of the bullish sentiment I've decided to take off my OEX BWB right here. Just sold out 4 contracts for $0.55 debit and was going to hold the other 2 as lotto tickets but I have decided to take my money here and have put in a order to sell those two out as well as I don't think this fly will finish in the money. Internals are very strong so far off the open.
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