I just issued a buy signal to the Founders Group for a 50% invested on the S&P 500 index at 3886 with a 10-point stop. If the market progresses, I will go to a fully invested position – but I need more confirmation.

If you still have a half-position in options, you hold and do not add to it until we return to a fully invested position.

Again, remember that this is a risky market. Futures are a risky, leveraged investment. The unexpected move would be down – as most expect the market to pivot up. Keep that in mind.

A.F. Thornton