Friday, July 15, 2011

Stepped aside! Out of TVIX

The the market is acting too strong. The earnings are comming in from Goog and Citi strong. The market futures did nothing on being posted on "Credit Watch" by the credit agencies. Sold at open and got 21.03 for a net profit. We follow our rule- if the market is not acting the way we think it should, we bail. Looks like bad news may be priced in. We will watch to see the action. Can't complain about taking a profit. I trust many followed this morning's email before the opening!