Market Update----back in the volatility channel
--Volatility in serious backwardation
--bonds display REAL FEAR
--dollar bid
--Oil backwrdation
Forward Looking--
--Monday FED Meeting
--NQ under 14k becomes a free for all
--Financials could suffer largest loss
Volatility Tactics--
--SELL premium
--Ultima - more time, higher skew
--hedge with inside spreads
SPX Expected Move --
--last week -- 107.37 (expected move)
--next week-- 135.20