BUSY!

Today turned out to be a real active day for me. My day trade went pretty well accept for a mistake on my part. I ended up putting in a limit order, not a stop market order, so I sold my full 20 contract prematurely for 1.00 rather than letting this one run. At one point it hit 1.11, so I left some money on the table, but considering I bought the position on average for .755, I am happy to take profits and move on.

The same RTH I sold today at 3.80, I bought back at 2.55. These were the best prices of the day so far for each, so I really nailed it. However, time will tell if it was wise to reenter this position so quickly....

Also, I repurchased the SPY puts that I sold yesterday at 3.30 (break even) for 2.51. I sold them yesterday to take some money off the table after the big move down, and this position was showing a pretty big loss the past couple days, so I was happy to sell at break even. I think I will fare much better with a 2.51 basis rather than 3.30.

The same goes for FAZ. I closed out my entire position yesterday, but reestablished a position at 20.20 this afternoon. I will likely buy more in the low 19's/high 18's, but am setting a stop at 17.99 to limit my losses.

I see both sides of the market right now....We have the bulls who anticipate the mark to market talks on Thursday, and the G20 meetings over the weekend will propel the market higher. The bears, on the other hand, are nervous to be short with market moving information ahead the next couple days, but anticipate horrible job data later this week and poor April earnings to push this market lower.

I remain in the camp of the BEARS, but remain nervous of the possible affects the mark to market talks and the pending G20 meeting may have on my good friend Mr. Market.