The clear decisive move today above SPY 208 was backed by institutional buying on the Nasdaq… on the big board, however, not so much according to volume. At this point, though, even with the one distribution day we had on 5/3, the case for “going away in May” has yet to be made by the bears (and getting increasingly tougher to do so). We exited our HG calls at the close for a 27% gain, the 5th consecutive win for the Heat Gauge system since February. Modifying the exit strategy rules has increased the win rate for the system and still manages to generate returns on options of 25 to 55%. Still long calls from the IO entry last Thursday, and so far the new kid on the block, Issues Oscillator, is living up to it’s reputation. -MDLogin. Not a Member? Join us.