Yesterday, the market fell victim to the non-advancing European discussions.
I was planning to short MON, but the opening gap was too strong and I could not get in at a good R/R ratio. However, I increased the HPQ short and opened a half SFM short.
The long TREX position seems to be stable as the small pullback is not attracting sellers. Still a good spot to buy here.
The trade ideas for today are shown below. I would buy weakness for a very last minute European solution. However, the 20DMF is very weak and if we open on a gap, I fear more sellers will step in.