Trading for the Masses

Market touched 1320 overnite on the spoos, then rallied back slowly to the open @ `1331.5 or so. We shall see after the first hour if we can get over 1336 and go higher or will we go lower @1320. Time will tell. Long above 1312 and sh ort below 1307 now is the plan du jour in the spoos. Commodities feeling crowded on the long side and we are selling some out of the money calls in the different parabolic moves we feel are nearing blowoffs in gold, silver, wheat, corn, oats, copper, and the euro specifically. Call us crazy, but it feels right since all are piling on the commodities and I have never seen sentiment this high across the board. Add oil to the list of price zaniness.