Saturday, January 31, 2009

Market 30 Jan 2009

Market quiet today. Entered short crude oil March December spread at -14 today.

The BDI (Baltic Dry Index) still recovering from lows, would stick with this trade for now although it could be due for a pullback.

Spoos looking like a test of 800 again, that could see the VIX return to 53% odd again.

Looking at Coal next week.