Morning Report July 9th

I am having computer problems - have to resort back to a written market update;

a couple of point of interest;

• The Standard Deviation moves have not changed much 1sd Rut 11, 1sd SPX 17 pnts.
• Yesterday volume action on the SPY - volume size reducing during 'sell off' and volume size picking up while market returned to open levels.
• Yesterday Intra day VIX while market retest low of morning VIX was off its mornings high - always a tell tail of what the big boys and girls are doing.

I had a AA earnings play to share;
a 9 July Straddle combined with a 9/10 dbl calendar. The main reason to enter the trade was a raised IV in July. JUL IV is priced 50 points above AUG IV. That will have to balance out during the hours of trading. Currently it seems that the straddle will be a loss and the DBL CAl seems to be doing just fine.

Now @ 8:50AM EST the markets are testing Yesterday high - Always an interesting point to watch carefully.

I am running to the limits of my current computer to do the vdx stuff - So Newegg can expect an order anytime soon.