Friday, January 15, 2016

Of Fish and Bait

As sure as night is dark and day is light
I keep you on my mind both day and night
--Johnny Cash

With another 2% down morning, we're here at the Aug lows. Some technical support evident in the SPX 1850-1880 zone. After that, not much till 1700ish.

Note also the head-and-shoulders look...

Took some exposure off (INTC puts with stock down on an 8% whoosh). Will let other short exposure (SH, JPM puts) ride for now.

position in SH, JPM

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