I hope the S&P retests the pre-market highs sometime today, because I have no idea what to make of the NFP reaction.
It was a split-second 7.25 point range. In Japanese candlestick terms, it left a buying tail, but that's all I can deduce from it thus far.
No new trades until I feel like I have an edge.
Yesterday I felt an edge and acted on it. I traded both OEX calls and the ES to the upside.
In fact, I felt so strongly about it that I also did something I rarely ever do: I placed an order for the overnight session on the ES. Buy 1302.25, sell stop 1299.25. I was out as soon as I woke up this morning and saw 1305.50. No greed there. Good thing too.
But right now, no edge. The most I'll do is take profits on some OEX 590 calls I bought wholesale yesterday, and will let them go for a nice markup.
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