N.O.WilliamsLP’s Post

Big day trade Wednesday, for those that labored on the short side of the S&P, as did we. No other positions, right now. Big picture correlation trades... Nasdaq, S&P and Russell all look ready to break thru to the downside, but haven't quite done so, yet. Treasuries are trying to decide whether to resume their run upwards, or not. Oil & Gas are meandering without conviction. So, we sit tight for now. When we have a large % in cash, as we do now, it at least earns T-Bill type rates. And being able to consistently day trade the S&P, keeps alot of money active, and on the + side. FYI- I don't just casually refer to consistently day trading the S&P. It took 20 YEARS to get there. An arduous but worthy journey, however, in the end.

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