Profunds index and sector trading

[was Steve]

i agree. i think we get these little spikes just to keep some volume moving. by the end of the day it will look like an early am move followed by a 6 point range for the rest of day (snoozefest).

at this point im staying in my hedge(15% net long) as well since i havent seen anything to tip the scales in favor of longs or shorts. the bear in me was hoping for a strong close to add a few shorts, but jello is what we get