06/25/2012 09:01:20 OFV = 1315.31 Sell to Open at 1318.56 Spread = 2.5 06/25/2012 09:10:19 OFV = 1316.87 Buy to Close SPX at 1316.17 Spread = 2.5 06/25/2012 09:37:48 OFV = 1316.94 Buy to Open at 1314.21 Spread = 2.5 06/25/2012 10:22:07 OFV = 1313.66 Sell to Close SPX at 1314.14 Spread = 2.5 06/25/2012 10:36:25 OFV = 1313.64 Buy to Open at 1310.85 Spread = 2.5 06/25/2012 13:00:06 OFV = -936.03 Sell to Close SPX at 1313.86 06/25/2012 13:22:14 OFV = 1316.899 Buy to Open at 1314.34 Spread = 2.5 06/25/2012 15:00:06 OFV = 1318.05 Sell to Close SPX at 1313.97
SPX FV, 968.48 Markets continue higher not on intrinsic business and other strength, but on continued inflationary pressure from more (or anticipated) FED action. It is really interesting how little the markets pay attention to underlying economics, and instead are far more driven by cheap money. Of course, the answer is, measured in gold, especially EURO/GLD, the absolute price of SPX is an illusion of strength.
I don't have time to do this anymore. I work 18 hour days seven days a week as it is. I am hopeful that I can get back to it, with where I am now this thing will be turned on and it will be backed the right way.