$SPY Closed both $AGN and $ICLR Monday and closed
the SPY141220C204 today. Although the overall market was relatively
quiet Monday the VIX rose 5% to 13.99, indicating there would be bigger moves
in stocks prices down the road. In addition, small caps underperformed.
Although the DJIA and the S&P 500 continue to make new highs, the underlying
market is losing upside momentum. I will remain cautious and wait to see what
the technical indicators will show us.
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