Market Update

Today is a really busy day for me, I still have a ton of things I want to look at.

As far as the earlier IWM call position and my feeling we'll see at least an intraday (more likely 1-day lie last week) move to the upside.

The market averages and futures are building even stronger for such a move so if you are interested in the short term play, you may be able to do it without a day trade (buy today -even 2 or 3x leveraged long ETFs of the averages and sell tomorrow).

I wanted to let you know that, on the other side of the coin if you prefer to be patient and go for the bigger, higher probability move, than you may want to wait and look to sell/short in to price momentum.

I'll get example charts out next.