Initial Plan For Now

Since today is traditionally an op-ex pin day-now even the weeklies are seeing the market pin on expiration, we'll see if we get that kind of range-boundish behavior-if so, it typically changes around 3 p.m. after most options have been settled.

If not, then as I said last night, we have another change in character.

For now I'm going to spend most of my time confirming and seeing what the message of the market is, I'll be looking for some opportunities too, but I'm more interested in the positions already in place which I think will be fine, maybe even a dead on bulls-eye.

So initially I want to look for information, I'll of course share anything that is significant ASAP, in that browsing if I see any trades in a great place, I'll let you know about that too. The first task though is to define the market as is is splitting apart pretty quick if you are familiar with the typical correlations, my feeling is the herd is breaking up and that's why there are so many competing agendas. why small positive divergences produce strength that is sold way before it should be. VXX and TLT confirm that fear and with the Dollar moving out of the month-plus pullback from a major bullish base, it will have dramatic effects on all risk assets-commodities at the top of the list.

We've had something like 3 or 4 central bank actions in 36 hours, the currency crisis articles I wrote are right on track, I'll get links to those up on the member's site.