SPDR S&P 500 (SPY)

[leftyg]

Two-timer..you mention a top may be close. Are you thinking a major top..or just a short-term retrenchment for a day or two?

Things look pretty bullish to me in a more macro view, but I will probably be short for tomorrow. I believe the market view is that the worst of the financial hits have been weathered, and that there are bargains about. I will get more cautious at about SPX 1480.

I pay for a timing sub that I use on one account at IB. That is invested in MVV (S&P 400) right now. I play the NDX, RUT, and S&P 500 in a couple of accounts at Rydex. I have understood that many here do trade the Q's..and trade them intraday. Best of luck with your trades. Regards.