Happy New Week, everyone. This is a shortened trading week, 4 days, plus I'll be going to Jamaica Friday-Tuesday, which will mean the blogs slows down (yeah, right). Any Jamaica readers out there, drop me a line!
I've been so burned by the /ES lately that I only took a teeny little 5 contract position Sunday night. I just sold it for a nice little profit (short price=845). Looking at the recent past, I think we're in for a "purple zone" experience this week.
I think I would get a lot more interesting in buying as we get close to 800. I think I'd also take that opportunity to ease out of some of these shorts and puts, since I'm sort of overly-weighted on the bear side right now.
