S&P's

The S&P's held yesterday's lows earlier on the push towards 800 and have now ralllied back to make new highs.  This is a strong close but still will face resistance tomorrow in upper 830's.  The vix is off by almost 10 points and holding back most out of the money calls to steady levels.  Further gains will start to put pressure on our short call positions.  

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results