Wednesday, November 26, 2008

SP's, Gold

Buy SP's at 859 with an 849 stop. Looking for 880.

Feb gold traded under 810 briefly. The stop level should be as close as 6.00 which seems very tight with this kind of volatility and holiday trading hours. I would recommend buying feb calls if we go back to 810.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results