Treasury Market Ideas
Consensus: Bullish on dips, possible eventual retest of July highs Position Trading Recommendations
*There is unlimited risk in option selling | |
Late afternoon selling in the ES
Coming into the session we were looking for a short squeeze to end the rally (AKA run the buy stops above to force out the weak shorts). Today's high of 1409.50 was close to our targets, but wasn't enough for us to be comfortably looking lower. It still feels like there could be one more run. After all, investors aren't overly bullish yet and there is still room for the late comers to step in at the wrong time (unfortunately, this is the nature of the markets). |
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Stock Index Futures Market Ideas
Consensus: Bearish on rallies. Look for possible short squeeze above 1400 toward technical resistance (noted below) in the ES to be a bear. Position Trading Ideas
None Day Trading Ideas
These are counter-trend entry ideas, the more distant the level the more reliable but the less likely to get filled
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In other markets....
August 6th - Sell October crude oil 106 calls and 80 puts. Premium collected = 93 cents ($930)
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