The usual "we've been busy coding" applies, but I'm surprisingly quiet on all things market right now.  The oil thing makes me turn green (sick of hearing of it), the crash bats are out as usual, and while they're still rolling many off the line, I haven't really seen an ETF lately that has caught my eye enough to write about. 

As far as my positions, I'm still sticking to my plan and this morning looks like there are a couple more ripe for the picking on the buy side.  I've already sold puts on my two favorites (GE & MSFT), so it's really just time to add to longer term holdings while things are on the cheap.

Could they get cheaper?  Sure.  Much cheaper?  Absolutely.  But this could also turn around in an instant and you'll miss out.  I've been in this predicament before.  The only thing you can do is buy when it's relatively cheap and not worry about picking bottoms or tops.  My trading systems have also flagged some buys today.  There's probably too many buys for my taste right now.  I'd like to leave some dry powder available.

Oh, and if you want something useful to read, there is an interesting little article over at gummy-stuff that discusses a pain (drawdown) calculation.  It's fairly interesting (click).

If I don't talk to you by the end of the week, have a great 4th of July.