System update 2/13

Market volatility has picked up a great deal, this can be seen by the recent movement in the VIX index. Where a 6% move in either direction has become quite normal. The NASDAQ in particular had a strong reversal day on Friday turning what seemed to be a quiet session into an important one. So where does that leave us? Well our IWO position has held up nicely in this downturn and managing to hold relatively well when compared to other index's Looking forward couple of things to keep an eye will be takeovers on Wall Street, Interest rate talk, and earnings. Surprisingly, a huge number of put options entered the market last as they were making new highs. From a contrarian point of view this bodes well for continued gains as it points out the most people are feeling the market is overvalued. The system remains in buy mode.