Exchange and FCMs want better understanding of executing firms' strategies, but firms still play cards close to their vests.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Those who have been following our comments in the Digest for the last few weeks know one of the reasons we have been urging caution and more hedging was due to the deteriorating breadth or the number of advancing issued compared to the declining issues on the New York Stock Exchange. Last week it changed and for the first week in the last ten, breadth improved. This is a bell ringer.

I have been commentating over past few weeks about the whippy nature of the SPX and SPX IV.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Most of the earnings reports released so far have been positive, but there seems to be little enthusiasm for higher prices as some closely watched stocks have experienced selling on the reports.

When the market was down almost 14 points something odd struck me, the VIX barely moved.

While the SPX was up big yesterday, traders may have reasons to fear continued turbulence in the markets at least in the near term.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Although expectations have already been reduced this is week the quarterly earnings reports really get moving as the number of companies scheduled to report greatly increases.

I was trying to find the really good news yesterday for the rally but I think it was more an absence of bad news.

I have to admit, there are very few traders that are as excited as me that the CBOE is relaunching options and futures on GVZ and OVX.