The Russell opened with little directional movement and continued to have difficulty breaking out of a 4 point range the entire morning. This is a poor market for momentum strategies, and this has been the first morning I've had to shut down my workstation in awhile.
First trade of the morning was short at 6:37 at 791.5 for -1.8. Second trade of the morning was long at 6:45 at 793.60 for -1.8. Third trade of the morning was at 7:01 short at 791.7 for -1.8.
Net for the morning was -5.4.
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An Investment View of Trading
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