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Economic news was thick, but trading volume was thinIt was a rather eventful news day for financial futures traders, yet in the end had little impact on equity and currency trade but managed to move the bond market. |
Treasury Market Ideas
Consensus: Bullish on dips, possible eventual retest of July highs but looking for a moderate bounce to 149'24ish first
Position Trading Recommendations
*There is unlimited risk in option selling
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The door is open to squeeze complacent shorts in the ES
We said it yesterday, and we'll say it again today...things are just too darn quiet. If trading from the short side of the market was as easy as selling a stalled rally, we'd all be rich. If you are looking to establish a bearish position trade, the best odds might be from higher levels (of course there are never any guarantees we'll see them, we are at the mercy of headline risk). |
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Stock Index Futures Market IdeasConsensus: 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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DeCarley Trading
There is substantial risk of loss in trading futures and options. Please see full disclosure below. |



