although there may be a bit of a rally here eod…it doesn’t merit any sort of action on our part,,,,,the 2180 continues and the “Fed”, slated for Friday will continue all week, “as anxious and cautious investors await the outcome of the meeting on Friday”….although there were plenty of trading opps today we “only” took one…others were mentioned and one could have traded more based on the information given…however, I am happy with today’s results…Based on one 3 contract trade….we have a 2-2-8 result….12 ES pts – we will see what tom brings, but it wouldn’t surprise me to see more of the same type of activity

Updated ” US stocks pressured as mood turns cautious ahead of Yellin speech”……plenty of opp to trade today…would be considered a very choppy day….and the articles have cont today stating Facebook stock still undervalued..looks to me like they were selling short and selling to investors on July 28 in the 127 128 area on very heavy vol of 78 million shares…we’ll see on the undervalued call on this one….where was the b couple years ago below 50…a b and hold….

( 1020 after little bit up on this 1020 should be pb…maybe 81.75 82.75)….went exactly to 2182.75…so the pb mentioned would have been a good sell…profit taken would have been anywhere in that range after the 1020 post….2181.75 here therefore on 1st trade were lookin at 2-2-8……not a bad start to the week…and for any who sold based on that 1020 post(took profit and sold) then would be doing very well indeed…down into Lon after a run up is common…its right back to ground zero ( had its little affair with the 2180) will keep an eye on it…but for the moment think we did quite well so far today