2011-03-24

Sell-To-Close 30 contracts Dow30 Index Futures at 12173.3 for a profit (2011-03-24, 16:08 pm EST)

Once again I am in All Cash.

Earlier in the morning and about 12 hours ago I entered the previous Long position, and the reader can refer back to my previous blog post for the details.  Today's (Thurs 24th) regular trading session was uneventful or the level of anxiety in the news was status quo to previous trading sessions.  Thus the lack of exoenous news allowed the Dow30 Index to float up by natural anti-gravity forces.

I was wrong on the direction of Wheat May 2011 contracts, when JL and I discussed it on March 21st.  Wheat is currently trading at 739.50 (2011-03-24, 16:16 pm EST) and I was expecting it to wave back to the 687.5 level.  Instead Wheat has rallied slightly since last night.  Right now I am itching to open a Short position at this level, but I am saving my margin for tonight's Nikkei 225 session, and Nikkei 225 Futures are currently at 9601 (2011-03-24, 16:23 pm EST).

This evening I have a volunteer's meeting to attend, followed by dinner with friends, and so will miss trading Japan when it opens at 8:00 pm EST.  Most likely I will resume trading around 11:00 pm where Japan would have ended its 1st trading session at 10:00 pm to resume 2nd trading session at 11:30 pm.

Stay Tuned.

Jeff
(2011-03-24, 16:29 om EST)