Sorry I did not get to posting my blog yesterday. It was a crazy day and then I had my trading group webinar last evening. The economic news yesterday wasn't bad, although that wasn't obvious from the market's behavior. Initial unemployment claims declined to 444k from the previous 451k, and continuing unemployment claims dropped from 4.65M to 4.59M. But retail sales numbers came in weak. Concerns about Greece and the European Union were at the forefront of the traders' minds. It appeared this morning that the market might be stabilizing but now that isn't clear at all. If your stops closed out your put spread positions yesterday, be sure to keep your put hedges in place. That will minimize the losses. I will check back in after the market closes today.

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