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Volatility is Back...Sorta

|Includes: SPDR S&P 500 Trust ETF (SPY)

from MyHappyTrading.com by Bagger Vance Sign up for FREE membership!

No new trades today, but we still hold a put on the spy....it's doing quite well, but let's be patient.

Markets ended lower but well off their worst levels.  Yesterday's late selloff was a tipoff as to how today would go, and the bears could hardly be disappointed.  Breadth was awful but volume eased a bit heading into the three day weekend.  The VIX was the big story, soaring nearly 9% on the day.  The dollar was slammed once again and on the heels of Britain getting a downgrade, it seems that the US might be next for that same fate.  The pre-holiday trade is quite unpredictable, so it's best to keep things light for now.

Hit 'em straight!

Bagger