Mild Day

Today was pretty mild price action, which makes sense with the lack of economic or corporate news. The price range was the narrowest in 15 days, a true consolidation day. We did get a nice intra-day bounce off the 60m Flag into the end of the day, but otherwise it was a quiet trading day. Tomorrow things will probably pick up with the Durable Orders, Crude Inventories, and New Home Sales reports. The greatest focus will most likely be on the business spending component of Durable Orders. With the narrow range day today, and the plethora of economic reports tomorrow, the direction that we go tomorrow - we'll probably go hard, at least for a day.
There really wasn't much to say about today. Chemicals moved on the MON positive guidance, Gas continued its bounce, led by DVN, and Gold bounced pretty good, with AEM getting close to a potentially nice put play.
I'm looking at AEM, GG, GDX, and FCX (copper/gold) for potential put plays depending on how things play out tomorrow. I'm carrying small call positions on the DIA, SPY, Q's, and IWM in case we do carry through and hit the resistance levels I posted yesterday. I will look to take some profits tomorrow on the MCK and CAH puts, with MCK performing very nicely today. I locked down most of my PEP calls today for a small profit as well. So far, a decent week of profitable paper trading both calls and puts. GILD carried through with it's breakout today.
I don't want to spend much more time writing about today because some days it's good to let things settle a bit in your minds. Too much analysis is never good, especially when there isn't much to analyze. I have my positions, I have some others I'm looking at, I'm in a choppy market still - so I have my trading plan, and I'm just going to sit back and let it come to me tomorrow.