Wednesday, May 1, 2013

/ES New All Time High in After Hours 1,595.50

What a run this market has had not just in 2013 but really since October of 2012. If you take a look at the chart that I have shared below you will notice that we started this uptrend we are currently in at 1123 on 10/3/13. As of last night the all time high is 1,595.50, thats 472.5 points or +42%. That is a very impressive run indeed.

In 2013 alone we are up 135.25 points or about 10%. Q2 is over and its a new quarter. The question everyone is asking themselves is whether the run up can continue or is the market getting tired and ready for a nice corrective and consolidation move?

I honestly don't know how you can commit any new capital to the longside at all time highs. Will the seasonal sell in May go away provide the needed environment to bring this market in? Only time will tell, in the meantime I will continue to remain negative delta.

Good Luck Trading!

In The Money Trades

And 1 favor that we ask: 

If you like the hard work we put into our blog posts and videos, PLEASE help us out by sharing them. Click the share links below and share them on FB, twitter, etc. It really helps us get more exposure and grow IN THE MONEY TRADES!


  1. Closed right up near the all time highs again today. This market has been very impressive. I understand that interest rates are effectively zero and investors are clinging for anything with yield. But at this point the risk/reward from my perspective just does not make sense. I feel like buying at these levels is risking 4 to make 1. Or put another way, maybe there is another 5% of upside with a 20% downside.

    But that is just my opinion. Even I have to be cognizant of the fact that the market can continue higher. That is why I spread off my upside risk.

  2. I exited the ZB short trade 18 months ago at the largest loss I've ever experienced and things have only gotten worse since then. I learned long ago that the market doesn't care what I think, but I still think you have to play the odds. So I'm in the same boat and have just yet to spread off my risk.