Friday, June 7, 2013

Thoughts...

This is still an Op-ex Friday, I'm not sure where the pin is, but from experience after about 2 p.m., most contracts are closed and the market is free to move away from the pin.

There's nothing that's changed in my assessment, just as I said earlier, it's not going to be a straight line and there are enough intraday divergences that I'd prefer take the momentum in these positions off the table and add it back later.

This should bring in some shorts, which should be helpful moving forward as we resume, that's where I'll look to add these positions back

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