*** ALL THINGS MONEY >>>> ATM ***

[xZx]

they look a little toppy to me, and i say this because we haven't had a really strong day with bullish conviction in a while. but i think many of us realize with HFTs running the show this low volume meltup could go on for quite some time to come. with 70% of trades done by machines now, what human emotion could possibly stand in the way?

what concerns me as a trader are events that seem nearly inevitable in iran.

an air strike there sends oil to new highs imo, and that will create economic shocks, especially in fragile europe, and in china, who depends on european exports to some extent.

hate to be a wet blanket, because i'd like to see a positive outcome to all this. just am not sure how that can happen. syria is yet another wild card.

so TVIX is my safety net right now. i'm in just under $17 with a decent position.

where do you see markets heading?