Jan 15th

Another ride on the wild bronco, we call the market.

As the market bottoms out (are we???) US Airways 1549 also found a bottom - lets pray that those people can enjoy another evening in NY.

The bounce @ 2 pm is at an interesting point. In the last month this point has been point of turn before.

We all saw the VIX coming down. Still 1.6 point up for the day.

I pulled the trigger on a few trades.
I re-entered a short on the TLT - short call FEB 122 - this meant to be a start when conformation comes I will enlarge size, strikes and probably even short the underlying itself (again).

I entered a Strangle on the SPY short the 67/96 current deltas -31 and vega-125. If the VIX comes down the Vega will give me the profits.

AND we entered the monthly butterfly for the RUT 420/460/500. Starting tomorrow I will show you daily graphs.

Don't forget we have a long weekend coming up. Remember that last year during this weekend we had a sell - off due to the French Rogue Trader. This is one of those holidays that the US markets are closed while the rest of the world react to all news. I will check the futures a couple of time during the Monday. I will be in the Adirondacks enjoying a little winter fun.