“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways”

Bloomberg: Goldman Trading-Code Investment Put at Risk by Theft

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Hey Traders,

heading out to the gym and Tigers game today, so won’t be posting updates untill later tonight.

here are few market thoughts:

• Stop trading using darts and start trading using charts. - Overwhelming amount of flip flopping and rediculous reasoning for trades all around blogosphere, twitter etc.
• No double gap down as ES gap filled in last hour
• Put / Call above 0.95 remains excellent signal as to market direction, more on how to trade that exact strategy later, as today it logged 7th consecutive gain
• Opex is next week with max pain of 92, and huge OI at 90 and 95, hard to believe we drop tooo far down from here, likely more chop of hell, nothing is for sure, so will keep trading setups and let market tell us where it wants to go next.
• Fib Fans look interesting:
  
• Next interesting short set up is at 905 - 50% retracement form last weeks high and 200ema hourly, staying patient till then as this oversold bounce could surprise some headandshoulderers, at least per my risk tolerance no need to try anything until then

Thats about it for spewing random nonsense, more actionable and TA talk in tonight’s market analysis

Have a great rest of the day

Vlad