Same old, same old

For three days in a row we have opened and closed right about the same place. This kind of trading shows we are confused and don’t know which way to go!

August is usually tricky trading because of the low volume. It’s a time to practice holding onto your money or taking a vacation.

I’m sitting a little bit long with a few January call options in XLK XLE XLF and TBT. I’m holding most of my money, but thought some limited speculative plays using options wouldn’t break my bank. Here’s to a great 200-point turnaround Tuesday!