Friday, May 18, 2007

May 18 Trade Summary $744




I traded the first 2 hours, and now volatility is flat lining and volume is weak, so I'm done and getting ready to leave for work. I should have traded CL (crude oil) a little more this morning because the patterns and volatility was better than the stock market futures indices. As the day goes on I think the divergences between YM and ER2 will narrow as positions are closed out.

P/L= $744

Market Observations:
There was an interesting pattern at the 15min mark (9:45am EST) today, which has to do with the closing out of positions in options and futures.



Notice the pair trade between XLE and SMH and the pop in CL at 6:45am.



Have a good weekend ya'll

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