Condor Options

Equities Can’t Get a CLUe

Ok, stupid pun.  But the August crude futures contract (CLU8) is down another $2 today (about 1.6%), and the market indexes don’t seem to care that much.  While the NDX(QQQQ) and RUT(IWM) are up about 1%, SPX(SPY) and DJIA(DIA) are only modestly higher.  A small rally this morning faded pretty quickly, and we wouldn’t be surprised to make a new low for the week into the close. Among the key sectors we follow, broker/dealers, banks, and biotech are bringing up…