The holiday weekend began early for many traders; volume was light in the markets today. Trading was generally sideways and downward with many traders taking off some positions rather than be exposed to surprising news over the long weekend. SPX closed down $14 at $1089 after bouncing off $1085 late in the day. That makes $1085 a "early warning" trip wire on Tuesday. RUT ran down $9 to close at $662.

Today's pullback eased my condors into a better position with June's greeks at a position delta of -$75 and theta = +$201. With about three weeks to go, theta is starting to build in the June position. The July condor is roughly at breakeven with delta = -$35 and theta = +$78.

Those of you who watch Fast Money on CNBC listened to Dennis Gartman of The Gartman Letter discuss this market last evening and say he has never seen anything like these wild swings back and forth in over 35 years of trading. Check out his newsletter; he is well known among hedge fund and institutional traders. Hopefully, the craziness is over, but only time will tell.

Have a restful and thankful holiday weekend.

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