12/28 Morningline

Expect a s-l-o-o-o-w trading week, or non-trading week in my case (unless, of course, it's not, under the impact of events).

Good read: Paul Krugman in today's New York Times on the decade past, in which "we achieved nothing and learned nothing."


No new pps signals on the indicators, currencies or holdings. Little movement, except for oil.


Indicators:

• Blue chips (SPY) open at 112.90, entered bear mode at close on Dec. 8 (at 109.61)
• Fear index (VIX) 20.29, bear, Dec. 22 (20.49)
• Treasury long bonds (TLT) 89.46, bear, Dec. 21 (91.14)
• Gold (GLD) 108.64, bear, Dec. 17 (108.00)
• Oil (USO) 38.94 on a gap up, bull, Dec. 16, (36.74)

Currency pairs:

• Dollars per euro (EUR/USD) 1.4388, bear, Dec. 4 (1.49)
• Yen per dollar (USD/JPY) 91.42, bull, Dec. 15 (89.60)

Holdings, January expiry, no new signals:

• KO, iron condor (p50/-p52.5/-c57.5/c60) 57.41, bear, Dec. 16 (58.42)
• LVS, covered call (-c16) 15.50, bear, Dec. 18 (15.29)
  
• SBUX, bull put spread (p22.5/-p24) 23.63, bull, Dec. 18 (23.68)
  
• SMH, bull put spread (p27.5/-p29) 28.14, bull, Dec. 21 (27.62)