Options expiration on Friday; keep an eye on your positions and for pinning.  I’ve sold some DIA calls and those are well out of the money now.  That was a good call.  CPI and PPI are released as well as housing starts and building permits.  These all have the potential to influence but overall I get the feeling that this will be a whiplash week.  In fact, for the last week the $vix was up 22% where the majority of the move was Friday’s move of +13.6%.  The last move like this was in January and was followed by a week of solid gains.  The $indu is still sitting atop the previous high of 11335.0 and the $compq is sitting at it’s thrice reconfirmed support of mid 2200’s.  Currently the USD.JPY is trading at 109.51 which is a support level from August and September of last year.  This level provides for significant psychological importance.  Gold is also at 714.0 trading slightly lower than previous close.  $gold formed a doji and streetTRACKS ETF GLD formed double black candlesticks on Thursday and Friday after a gap open over the upper bollinger band.  I can’t help but feel this is technically overbought situation for commodities.