S&P, NDX - March 25, 2010 - Some Levels

market gapped up nicely this morning. Is it an exhaustion gap? Is it the first of many, many more gaps? who know?

Regardless, if I had positions from lower levels, I would raise my levels to 1938 on NDX cash and 1147 S&P cash. I might also either take a bit off here or sell covered calls/buy puts on a portion.

This is not call to alarm, just raising levels, that's all.