Friday, February 19, 2016

A Grind

Usually you get more lively action on a down day (although only slightly down) but since the first hour, its been dead quiet, reminiscent of the boring trade in the 2013-2014 dead vol era.  I guess you can't always move crazy every day, but expected more action on a down day today.

Not much opportunity either way at this juncture.  I am a willing buyer of dips now, although will be playing smaller due to the tail risk inherent in this market now that we have rallied over 100 SPX points in a bear market.  Probably the best course of action is to buy any dips in Treasuries when stocks rally.  

Might be time for a vacation, will try not to force anything here.

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