exit daycall

we make a bit off the dayput, almost balancing out the daycall from earlier.

QQQ Jan 2016 103.500 put (QQQ160129P00103500)

-OPR

1.66 0.45(21.33%) 2:36PM EST

Prev Close:	2.11
Open:	1.77
Bid:	1.56
Ask:	1.58
Strike:	103.50
Expire Date:	29-Jan-16

Day's Range:	1.32 - 2.33
Contract Range:	N/A - N/A
Volume:	2,023
Open Interest:	6,959

It has occured to me that since we are in a 20% news cycle my technical analysis is currently not effective. For example, yesterday I said that the market is going to drop because the candles show it. Also Asia had a bad night last night. Makes sense that the market should drop today, right?

No. Before open there was good news on oil so today the market ignored the technicals, and ignored the Asian markets and took off.

I think I am going to change what Im doing here and go with what the premarkets indicate a half hour after open and just go with that direction until about 12:30 chicago time 4 hrs after open. I will revert to the other way once I feel we are out of the news cycle.

I am going to go over some data later tonight and backtest this. Thus, no more orders today and no end of day orders today. See you tomorrow a half hour after market open.

Tradinginsider