TRADE Update

BIDU 430/420 DEC Bear PUT SPREAD 3.45

SPY DEC PUT bear SPREAD 110/105 1.80

Gang update here, PLEASE DO NOT BUY CALLS OR PUTS TODAY, the VIX will skyrocket and you will get hurt doing that. Do spreads or ETFs I cannot tell you enough this. Once the VIX drops your option you bought today will drop like a HOT POTATO!!

Hey Hobsters, ok we know today will be down, and the million dollar question is where we end. I personally am watching the SnP support levels. We are currently down 223 points and 30 in the /ES.  The dollar is bouncing nicely against the EUR, and I suspect that will be going on for a bit of time. why because there was 97% short interest in the $DXY.  That tells me this is  NOT a one day or in today’s case a 1/2 event.

I will be watching these levels 1067 as that was the lows from this morning,  I suspect we should retest that and then some. Next key support is at 1042-45 area. I personally will buy puts on any significant bounces. How long can it go in the long run, like I said that is the million dollar spy put question? LOL

Gold is taking it on the chin as folks rush to the Yen and Dollar for safety.  Oil is also getting smacked around, down at one point about 5%. Now Europe stabalized, but they follow us, so don’t put allot of stock into that!  The Hang Seng was down over 1000 points! All of Asia got smacked. This does go to show you that the world isn’t all wonderful again and there are many many problems that plague us.  Now looking at the Black Friday crowd, looks as usual as if it’s a mob out there, but the retailers are slashing prices so much, how in the world can they make a ton of money this season?  As usual CNBC and all the networks will spin this as being nothing and not important. Meh!  This is big, and we won’t really know more till next week, when the holiday is over in the middle east.

Well let’s all have a fun day and make some $$$$$$$$$$$$!