Much to do about Nothing

Although we did see the biggest one day drop for an Inaugeration Day, there was no follow through and the week was still aimless.Although we saw divergence at the end of November, I still think this last 2 months are still a fourth wave, a good time to have stood aside. After 2 1/2 months though there has got to be some action soon. We have added some more straddles again last week.
The big news this weekend was that the UK has fallen into a severe recession. The pound has fallen to a 23 year low. Suffice it to stay the stimulus packages are going to take some time to work globally.

Obama will now be under the spot light, but like a bad flu it takes time.

Commodities
Gold and silver continue to make new short term highs and is the place to be. The other commodities look like good bases are in place however and posted rallies last week. I am looking for entries now on GSG, USO, OIL.