While wary of holiday trading volume, I will finally attempt some index longs here as S&P 1120 seems to be holding. The usual suspects: TNA (6% allocation), BGU (6% allocation), and SPY calls [Jan 112s] (5% allocation)
As a wary mole, I have my heads up for any reversals ... but I assume if any occur they will be taken care of by the urgent buyer in premarket tomorrow.
I'll give this trade about 2 S&P points to the downside since it just seems too easy to be true....and this type of trade has not worked in close to 2 months. If however, we rally over S&P 1123-1124, I'll be adding to positions as this could be the big one.
Long all names mentioned in fund; long TNA in personal account