Lacking Direction

This upwardly trending market, has me looking for direction.

The range bound back and forth between worry and optimism, GS publicity tours and European electoral politics leaves my normal confident self, unsure. I’m holding S&P short spreads for May expiration, waiting and watching.

The good thing about this ‘pause’ is I’ve had some time to play with the IB Java API which looks promising, if I can get anything interesting out of it, I’ll let you know. My GoogleDocs experience has been less than rewarding, like a teaser.

Long Natural Gas Futures are worth looking at, this has been under the radar for a while and is starting to come forward in the press and politics. 3 or 4 days over the 200 day moving average is triggering some interest.

So I’m long Natural Gas and short the market…

Good Trading.