Today´s Market June 11. 2013

ndx0611

The market opened substantially lower as The Bank of Japan let its monetary policy unchanged. The trading day could be described a s a roller coaster. Lower in the morning, recoup most losses around midday and at the end it closed towards the lows. As we were able to close a WTI position left open on June 07, 2013 at a substantial profit we traded very cautiously the rest of the day.  Our bias is still short on spikes, but if tomorrow we open substantially lower we may try  some long positions. Today we realized 2.25 ponts profit in the NDX and our WTI position yielded USD 319 (Please keep in mind that we trade based on USD 25,000 portfolio; bigger sized portfolio must adjust positions accordingly).

 

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