Consumer sentiment data appeared to give the market a boost today and resumed the uptrend. SPX closed up $16 at $1666. RUT increased $11 to close at $996. VIX lost almost a percentage point to close at 12.5%. Trading volume was mixed with a slight decrease in the S&P 500 to 2.5 billion shares, but a 17% increase on the NYSE. But on the other hand, trading volume fell 7% on NASDAQ.
The University of Michigan consumer sentiment data jumped up in May to 83.7, significantly higher than April's 76.4. Leading economic indicators were released for April and were up 0.6%.
RUT settled at $989.53 today, so the remaining put spreads in my May condor will expire worthless this weekend, resulting in a 10% gain. This brings the Flying With The Condor™ service to break-even for 2013 (making up for the Jan loss). My Jun position stands at a P/L of -$2,670 with position delta = -$44 and position theta = +$76.
Have a great weekend.
Back In Rally Mode
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