This week is the big one (fed week), I’m personally hoping for a small 1/4 point raise on Thursday.  If we get a raise I think we may get a very short knee jerk pull back, but then I think we will rally hard into the end of the year.  If we don’t get a raise we will need the fed to basically say there are going in Oct or Dec with very strong language.  If they don’t raise, and are vague, then I think we face downward pressure into next year.  If the market really sells hard into Thursday I may enter some short term bets late on Wednesday.  I’m going to look at a Wednesday Strangle or Straddle if the conditions look right.

Oil is grinding down, which should open up a window to start getting back into my USO Jan, 2017 position.  If we get a big pull back into the mid 30’s on WTI this will be a really really solid trade.

I entered a short on the VIX when it spiked above 28 last week, and exited it on Friday with a 50% profit.  If the VIX spikes above 30 or more 25% in a day I’ll buy the 30 day short.

I have 1/3 of my USO position left, its still up 30% but I’m really looking for a big selloff so I can get back to fully positioned on this trade.

Wednesday and Thursday morning, big days to make some moves.