SPX hit new historic highs today and trading volume bumped up from yesterday, although it remains below long term averages. The intraday picture was very steady with a strong open that just continued to climb all day, even into the close. Perhaps the FOMC minutes encouraged traders; the minutes showed a majority of committee members support continuing the bond purchases through mid-year. SPX closed up $19 at $1588 and RUT jumped on board with a $17 gain to close at $946. Trading volume increased with 2.4 billion shares of the S&P 500 stocks trading. Trading volume on the NYSE increased 5% and increased 18% on NASDAQ. Volatility dropped a bit, with the VIX ending the day at 12.4%, down about half a point.

Today's huge run upward will probably add fuel to those arguing for an impending correction, but this market has steadily climbed higher in spite of all naysayers.

My Apr condor position stands near break-even with a P/L of -$500 and position delta = +$3 and position theta = +$110. The May position is up $1400 with position delta = -$5 and position theta = +$59. Will the profit takers come in tomorrow after this run to historic highs?