The Big 1700...

Unemployment Claims were slightly better than expected and ISM Manufacturing PMI arched up slightly amidst a month on month decline in Construction Spending and much weaker than expected ISM Manufacturing Prices.

Finally, some of my positions are firmly in the green and since one of my trading sins is premature profit-taking, I held onto my SD calls, SDR calls, SPG puts, and XOM puts.  

Will we finally see the VIX test 12 again?  

I'm going to start looking for longer term puts in hopes of hitting big with some issues that go deeply, deeply into the money - maybe by $10 to $20 per share.  

This will require a lot of research and if I find any goodies, you'll be amongst the first to hear, HSFTs!

Monday's ISM Non-Manufacturing PMI will be very important to watch and I'm hoping it will be a key driver...  

What's on your minds, Market Makers?  When will you unbutton all those SPY levels?


-2.29% SBA
-0.96% Roth IRA

+0.83% DJIA
+1.36% Nasdaq
+1.25% S&P 

+0.92% FTSE
+1.08% Eurofirst
+2.47% Nikkei
+1.77% Shanghai
-0.15% SENSEX
+0.94% Hang Seng

+2.57% WTI
+1.55% Brent
-0.12% Gold
+1.31% Copper
-2.40% Corn

-0.71% EUR/USD
-0.59% GBP/USD
+1.67% USD/JPY
+0.99% EUR/JPY

+3.22% DJT
-3.57% VIX

+5.01% 10-Year US Treasury Notes

61% Advancing Issues on NYSE         |   71% Up Volume
37% Declining Issues on NYSE          |   27% Down Volume
2% Unchanged                               |   2% Unchanged


70% Advancing Issues on Nasdaq      |   75% Up Volume
27% Declining Issues on Nasdaq       |   24% Down Volume
3% Unchanged                               |   1% Unchanged


Some Major Headlines Today

The Prosecution Nabs the Fabulous Fab
Market Makers (And Maybe Retail Investors) Go Wild As S&P Hits the Big 1700