Morning Commentary for Oct 27, 2009

by Mark Sebastian on October 27, 2009

Not a lot of news out there today.  Futures are mostly unchanged, I am thinking that we may see a slight sell of today, however, that is just a best guess.  If you look at yesterday, the SPX was up over 10 pts, then around 9:00 central the market had about a 25 pt swing downward.  This is why it is important to wait till after the first half hour of trading to make adjustments.  If the market does sell of a touch and the VIX pops over 25 I am looking at entering my condors at that point.  My feeling is anytime I can sell volatility on the peaks I have to take them as the market continues toward normalization.

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