Friday's session started off promising, as Yellen gave the market no definitive answer about the next rate hike. Judging from the early reaction, with the US Dollar getting clubbed .5% lower, while stocks and bonds rallied, the market took this as another confirmation that the FED's easy money policies aren't going anywhere fast.
Conflict. You can see it this morning in the way S&P500 futures are trading. It is not sure where it is supposed to go today. From a personal perspective Monday's have not been my brightest days to trade, so if it takes today's entire session for the market to make up its mind, that is quite all right with me. Although last Monday's entry into some $STZ $160 puts for $1 worked quite well, running over $5 a few days later. There are quite a few attractive set-tups heading into this week as well as earnings yet to be reported.
