A little downside in the market this morning. Nothing concerning and it seems that the selling has subsided.
I am still standing aside this month on the SPX credit spread strategy. I am not seeing anything compelling, and there are opportunities elsewhere that better justify the risk. We are already up for the year, so we will still be finishing the first quarter showing solid profit.
The volatility is better in some of the individual stocks. While this blog is primarily concerned with index trading, I have elected throw in some other material because it is important to realize that you do need to be flexible as a trader.
Good trading!
Christopher Smith
TheOptionClub.com
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