Market Outlook: The market closed Friday at 1880, down 200 points or 8-9% in about 2 ½ weeks. The first 2 weeks of 2016 has seen quite a bit of volatility. In SPX, we have had 5 of last 10 trading days with moves of 1 ½ % or more, unprecedented! Translated into net price changes at the end of the day, that’s 5 days out of last 10 where SPX has net moved 31 to 48 points in one day! Total Daily Move The moves are actually bigger if you look at the total daily move taking into account the high and low of the day. Try to keep weekly trades delta neutral in that environment! We basically have had 2 corrections in the last 6 months, first time since Al Capone came to Chicago! Where will the market go next week? Should I stay in my bunker till the market quiets? I don’t think so. If you read enough business articles, this is where names are made. Where fear is rampant, like now, rampant predictions come out from the would be and even the current Gurus .” The market will drop 10% more” or “This is the best […]