"I Got Nothing"

I really have no insight today. I can watch the tells, but this relentless discussion of bottoming in a process that will probably take years to unwind is pretty nauseating. At least I'll admit I've got nothing, as opposed to the pundits or 'deciders' like Paulson and Bernanke who FUBAR'd the economy and now have all the answers?

Illegitimi non carborundum.

I sold my December VIX calls yesterday...so at least that's good.

• Breadth is positive
• The VIX has come in (remember, VIX calls are priced off futures, not the VIX per se)
• The TICK is decidedly positive with a bunch of program buying
• FXY (yen) has trended south as no reason to unwind the carry trade today

Charts of note:

• RIMM...just awful with either a threatened 20 period breakdown or a 'turtle soup' failure...
• GE up 11 percent on a new plan
• Volumes are low and it could just as easily rise 3 percent in an hour or fall

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.