Well we are breaking 1400 as I write this and again I am not super convinced. Not to say I’m really bearish, but I would’ve thought some consolidation or some sort of retracement would have played out by now. I might be early to call for those things, but soon enough we will get some market weakness unless QE is announced.
Today I went ahead and set two new trades, the first is on the RUT, its a very small trade, only a one lot. The next trade is a XOP strangle, and again trading small at two lots.