The market really wanted a 1/4 point with a “one and done statement” and they didn’t get it.  So where do we go now?  I think we are going to stay range bound going into the end of the year with lots of action to play with.

This is going to be a traders game for the next 3 months.  I’m going to buy and sell spring SPY options on all really big moves up and down.  I’m going to short or long the VIX above 30 and and below 18.  I’ll add to Oil (WTI) on moves below $42ish.  I’ll exit the OIL position I have left if we spike above $50 again, I feel good that I’ll get another chance to get back in at these levels, or lower.

I’m going to start building a shopping list in the event that we do get a big pull back.  I’m about 2/3 cash right now and I’m waiting to get a sense of where the markets want to go before I do anything other than trade the swings.