Unemployement number resulted in a big red bar but in the end, it was a big fake out. Market slowly churned to the 1140+ mark with a late day rally. We closed shop with our long at 3:30 which we held for over 1 hour. Took 1.5 points but if we waited until close, it would have netted 5+. No regrets playing 50-50 hour.
Trades today
09:00 ES long 33.75 +3.25
14:15 ES long36.00 +1.50
Next week we have earnings season kickoff + options expiration. Lovely as always. Great weekend all.
Friday, January 8, 2010
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