Tuesday, May 26, 2009

BHC Fund daily performance and intraday market review


15.45 Amsterdam

I choose to be flat on the fund with far out of the money calls and puts long.

S&P future is trading around 884 well above the lows around 878 earlier today. Looks like the bulls are buying the dips around but I believe the bears are getting stronger every day.
UPDATE AT 16.10 Amsterdam.
The consumer confidence number was way better than expected 42.8 (52 I believe). Markets are skyrocketing. Looks like the bears lost their advantage once again and, I am neutral right now.

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