There were too much risky trades on the table last session. Morning trade, #352, was based on, essentially, Nasdaq weakness and market trend to touch yesterdays close one more time. Fixed shortly after excessive volatility appeared on pending home sales that were in line with estimates.
Next goes trade #353. Wasnt here right to short on such strong internals ($tick: 1t.<-800, 16t.>+800; $trin:0.65; $add:+1.5k-SP500:+1.03%). Normal diver have realized but i havent fixed when should do it.
The most risky and unsuccessful, relating to ratio risk/reward was last for the ssn, trade 354. I just forget about Volker speech in the Senate. Not surprising, finacials started to fall during that time, leading market lower. Plus, as CNBC's Pisani have pointed out, there was some selloff on Moody's bearish comments on the U.S. government budget that was presented yesterday. All in all, as hearing have finished the main consequence traders have made was that the Volcker rule getting pushback from the Senate. Sectors broadly rallied as did ES. Fixed profit when it seemed like bull momentum was finished - ES > 3 minutes shaking at the place near 1000.50.
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