Friday pre market

We are gapping down right before the open BUT I do expect at least a test of yesterday highs @913.

Friday 14

Levels to watch on the S&P
UPSIDE -911, 924.5 then 935
Downside -881,866,852 then 836.50

Monster RALLY

Monster rally off the retest of the lows. Program trading kicked in after lunch and BOOM.
Technically this is a reversal and we could see this reversal hold up a few days and possibly week. Nice taking profit on GOOG we will hold the DEC $70 puts on GS.

Tomorrow I dont expect much after an 800+ point swing

TRADE CALL UPDATE:

Out all GOOG PUTS + $17. Over 90%



ONLY WINNERS

NEW LOWS

BINGO we at new lows for the S&P. Sorry to say I told you so

TRADE CALL UPDATE: GS $80 PUTS (GS WP)

Selling here @$17, more than a double.


NICE - ONLY WINNERS HERE

TRADE CALL: GOOG DEC PUTS

Take 1/2 off here @$31.00, purchase was $19.50 for me