Update

Looks like the markets are churning in a tight range. They are still fragile and could turn either way at any moment. The technical odds favor the next move as being upward. The volatility index is still fairly high and the markets are susceptible to headline risk. It is still very easy to get whipsawed and we are going to play a buy and hold strategy for now on our "JPT" trade. The position is down about 2.3%;however, it is holding well and looks to recover from these levels. If a breakdown appears, we will have to bail out. Check emails for updates.