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April 14th, 2014 Watch List

Last week was a volatile one for markets. It started with a sell-off, followed up by a mid-week rally, only to sell-off again at the end of the week with the SPY down 2.5% on the week and the VIX rising nearly 22%. I started dabbling in puts Thursday and Friday and will continue to watch 181.50 and 180.13 on the SPY as possible support areas. For now, will be keeping trades small and for short periods of time. This week will go a long way in deciding the trend for the market, whether we have a short pullback, or whether this is the start of a correction.

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