Impossible to Trade

Death on Wall Street. Dow highs of 11082 and 10950. Impossible to trade.

We have sold the put profitably on November 16th, and will only hold open our November 560C which had highs of 1.45, lows of 1.09 and was not tradeable.

Following are what the chartists say:

-- RETAIL SPDR REMAINS RELATIVELY STRONG WITH FALLING FLAG
-- STOCKS CONTINUE TO FOLLOW THE EURO
-- EURO STOXX 50 TESTS IMPORTANT SUPPORT LEVEL
-- TREASURY YIELDS LEAD THE DOLLAR
-- VIX CHALLENGES RESISTANCE WITH BIG SURGE
-- VIX TRIGGERS MOMENTUM SIGNAL SIMILAR TO APRIL

We will continue to only hold the OTM Call today, waiting for a bias to establish

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All of the money we have been printing has to go somewhere, and emerging markets, and the commodities they gobble, offer some obvious stories.

At www.bluechipoptions.com we've been actively recommending stocks and options around our printing of the dollar and the repercussions. New bubbles are being created as we speak.