Trading volume fell off today and the market averages didn't move much when all was said and done. SPX closed unchanged at $1775 and RUT gained $4 to close at $1107. Volatility continues to inch higher with the VIX gaining two tenths of a point to close at 15.8%. Trading in the S&P 500 dropped off to 1.9 billion shares. Trading volume on the NYSE dropped 14% and trading on NASDAQ declined 15%. SPX continues to hover in that support range of $1770 to $1780 while RUT appears to be tracking along its 50 dma at $1106.

The only economic news was the PPI report for November, declining 0.1%.

I closed the remaining 1150/1160 call spreads in my December iron condor position on RUT. This results in a current P/L of +$3,430 on 20 contracts or 21% on capital at risk. I will close the 1030/1040 put spreads next week before the Fed announcement. Who knows where that announcement may take the market?

Enjoy your weekend.