The Dow sank to a -115 point loss after spiking higher at the open.

The market weakness continues with pressure from Europe again. I continue to believe we are better off waiting for this weakness to ease before attempting new entries.

I will be traveling on Wednesday and unable to monitor the markets. I would rather be flat in a high volatility situation than blindly entering positions that could be stopped out within hours of the entry. Triple digit reversal ranges are not the kind of markets you want to be selling options short.

I will email again on Thursday. Hopefully there will be something to trade.

Jim Brown

Current Portfolio