Kick the Can Down the Road? Or Rip Off the Band Aid? That Is the Question...

I'm still thinking of doing a TLT straddle, but just haven't pulled the trigger yet.  Besides, the 5-Year Treasury Notes seem to be moving a lot more.  So I'll see if there are any options on pertinent ETFs that I can straddle.

Will the market be singing 'Hit the Road, Jack!' to Bernanke tomorrow?

I'm paying more and more attention to the Advance / Decline Line to see if previous support could become resistance.  

Change in game plan: straddle the SPY and sell calls when I think the Naked Call Sellers are coming in, then keep my puts in case the reversal finally happens.


-0.87% SBA
-1.23% Roth IRA

+0.23% DJIA
+0.75% Nasdaq
+0.42% S&P 

-0.80% FTSE
-0.46% Eurofirst
-0.65% Nikkei
-2.05% Shanghai
+0.31% SENSEX
-0.31% Hang Seng

-1.01% WTI
-2.08% Brent
-0.58% Gold
-0.02% Copper
-0.55% Corn

+0.24% EUR/JPY

0.77 Put / Call Ratio

+0.11% DJT
+1.04% VIX

-1.53% 5-Year US Treasury Yield
-0.73% 10-Year US Treasury Notes


64% Advancing Issues on NYSE                              |   70% Up Volume
33% Declining Issues on NYSE                               |   28% Down Volume
3% Unchanged                                                    |   2% Unchanged
166 New Highs   |   34 New Lows


64% Advancing Issues on Nasdaq                            |   76% Up Volume
32% Declining Issues on Nasdaq                             |   22% Down Volume
4% Unchanged                                                     |   2% Unchanged
137 New Highs   |   18 New Lows


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