The markets today are telling me we are at some significant resistance points and due for a pull back. SPX, NDX, Dow all at top up current channel. RUT has been a little weaker and is in the middle of it's current channel. I will trade cautiously here.
Coal is breaking out as of yesterday and I am looking to buy KOL an ETF that tracks coal.
I am currently about 30% cash and my positions consist mostly of various spread trades with only a few pure directional. RUT IC's are working well and have been all year though with volatility as low as it is the premiums are getting small. VIX is another sign that a pull back is due. I have small bearish positions in IWM, QID, APOL and BA.
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