Thursday, December 10, 2009

Today

Well today has not gone as planned. TBT puts are killing me here. Really cannot figure out a clear direction. I am down a little today and will probably hold everything overnight and think about the action today unless something happens.

Today we had a terrible treasury offering

Currently the TRIN is lowering below meaning a possible short covering rally at the end of day.

Low volume

So the only us bears have today is the worse than expected job numbers and the possibility of citi issuing billions of shares.

Currently the only green position i have is appl puts. RED accross the board otherwise.

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