Wednesday, February 6, 2008

Born on the Bayou

Nice pullback here. We trade down to the recent weekly pivot, should see solid support 1335-1340 SPX. Took some of the nice sub 1300 buys off the table around 1380 on the Fed rip. That's what you got to do here. My strengths tend to be entry and exit points on a trade, but holding them as an investment can be hard, especially at this volatile period.

Still love them buywrites as the VIX new range of 25-35 will get you paid for selling premium.

8 days until pitchers and catchers. I only have to say one thing for the Mets, Oye come va.

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