12/14 Morningline

Indicators:

• Blue chips (SPY) opened at 112, entered bear mode at close on Dec. 8 (at 110). SPY is showing a new bull signal this morning.
  
• Fear index (VIX), 22, bear, Dec. 11 (22)
• Treasury long bonds (TLT), 93, bear, Dec. 1 (95)
• Gold (GLD), 110 , bear, Dec. 4 (114)
• Oil (USO) 36, bear, Dec. 4 (38)

Currency pairs:

• Dollars per euro (EUR/USD), 1.46, bear, Dec. 4 (1.49)
• Yen per dollar (USD/JPY), 89, bear, Dec. 9 (88)

Holdings, December expiry:

• UNG, covered call (-c9), 9.94, bull, Dec. 7 (9.22). I'm giving up 0.31 profit on the stock, and it would cost 0.99 to buy the call back.

Holdings, January expiry

• AET, 32, bull put spread (p31/-p32) , bull, Dec. 8 (30)
• HPQ, 50, bull put spread (p49/-p50) , bull, Dec. 9 (50)
• KO, 59, iron condor (p50/-p52.5/-c57.5/c60) , bull, Dec. 1 (58)X, 47, bear call spread (-c40/c41) , bull, Dec. 9 (47)
• X, 47, bear call spread (-c40/c41) , bull, Dec. 9 (47)

All in all, a fairly calm opening, except for some large bounces in SPY pre-open and the new bull signal, which must still be in place near the close to be valid. (My rule for trading signals is that a signal counts at the end of the period.)