SP's

This month I have not posted all my trades, but I can say that things are good. I have a couple position hedges on that might not look good today. I'm short SPY with a short put and I'm long SRS. As for normal positions, buy writes on GS, AAPL and EDC. Long vertical; GS, BIDU, MA, GLD and RUT.

SP's have been tricky in picking short term moves. Side ways to no where is good for me, but the whip saw is where things can go from good to uncomfortable. For now I will continue to do what works for me and stay way from things that don't.

The chart above is of the $SPX. 900-915 in my opinion is a great place to get short. I will get short in that area (hedged of course) in small baby steps. One thing that needs to happen before we go lower is the $VIX needs to spike above 33, close and stay at or above 33 for a big break in the market to happen.