Thursday, May 01, 2008


Not NASDAQ rally and Basic Materials sell off.
Financial moved nicely, time for consolidation, homebuilders will take over the helm.
Started to build MOO ( components) position, unfortunately not at today's bottom, but still already in the green.
Closed half DUG position very close to $34, eased up on FRE calls ( May, still holding June)
Bought quite a few V puts
Volume is a key - volume was lame.
1410 S&P is a key - it held up.
Down we go...