the spx has hit all time highs. The DJIA is within 100 pts., so let's say it also make a new high:
this would indicate great strength in stocks as the potential 38 year cycle for 2014 would be erased.
As the CHF showed, raw positions can be deadly. So, am using options for the most part (risk tolerance). You will have to be a timer to decide what to buy/sell to project time and pricing. the bots will assure that everything is brutal, otherwise.
Have favorite stocks for calls and favorite stocks for puts. the averages are really too lethargic for the risk in the option premium. the buzz is in the "name" issues.
icd