Half Day

Wheee!!!

SPY vs US Dollar

SPY R1 is 111.057 and S1 is 110.375 on a 10-min chart. Dollar is helping out a little which is in a tight range on the 10-min chart of R1 22.345 and S1 22.2885. We have very light volume and the market is down to sideways, if we can break on the 2:00 Fed Notes to the upside we may have a good sail into the Unemployment Numbers and New Homes Sales on Wednesday, time will tell. Play the hand the market dealt ya.

Today's Completed Orders

Symbol	Action	Qty
FYNXK	SELL TO CLOSE	10
FYNXK	BOUGHT TO OPEN	10

Smell The Roses and Ohio State Feel The Pain

Oregon does it again. 2OT over Arizona. BSC raking # 8 from # 11.

Dollar Tanked

Well as the dollar is tanking the market is rising, which is a good thing so far so good. One and half days left until T-Day. Wednesday we have the Initial Unemployment numbers and that is pretty much it for the larger number that should be effecting Friday's session. Most ppl will not be back on Friday so if we do take a hit it probably will not be so bad.

SPY is coming into some resistance at the 111.74 level, more over if we can close above 110.992 and catch a bid to the upside in the next one and half days then 112 is possible relatively quick . . . It appears if we can hold this level gap fill would have the prior gaps from 11/10 - 11/20. Key is for the dollar to drop again for the next one and half days and short covering into the T-Day event, this should be good for the markets . . .

Keep the powder dry . . .

Spectrum

Sick!!

Charts Of The Third Kind

At a glance, the two charts look the same. As in one is going up and the other is going down, Ben and the boys have been propping the dollar. Concerns about the pace of a recovery have dogged the market's eight-month rally but with the nation's unemployment rate now above 10 percent for the first time in 26 years and new worries about housing, the government also will revise its early estimate that said the economy grew.

So what is the connection with rise in the dollar and drop in the market (spy), the stronger dollar can hurt commodities prices and sales of U.S. exporters, whose goods become more expensive overseas when the dollar rises.

Will the dollar start to climb and put the spy out of commission for awhile? Amazing!! There was no good Eco-news this week to say the least about and the market ran with it to the downside. Can the govt continue to use these tacky tacky to prop the dollar. If you have ever gone down to the 1 min charts, it is bots wars.

On that note: Volume will be light again next week because of Thanksgiving. Even with the holiday, the week brings a flurry of reports on home sales, unemployment, consumer confidence and demand for big-ticket manufactured goods.

Ding, Ding round $64 thousand dollar question.


Today's Completed Orders

Action	Qty
SPYXN SELL TO CLOSE	20
SPYXN BOUGHT TO OPEN	20

Closed Order For The Day

The US Dollar was on the move to the upside (comments from Ben B. ongoing) and the Housing Numbers - Bad, Bigger and Better? Well the next shoe is dropping for Residential Housing Market and Commercial is not far behind it, as well. You can not fudge the numbers for to long, the market was taken a back, but the US Dollar is the key to this market.

Today's Completed Orders

Symbol	Action	Qty
SPYXG	SELL TO CLOSE	10
SPYXG	BOUGHT TO OPEN	10

AIG - Payout

Well it is Veteran Day on Wednesday and there maybe a slow trading. Bond market will be closed and Federal Offices . . . We closed out of the following positions and maybe looking to get into them again on V-Day however it maybe a very slow trading day, as it was today. AIG - NOV 09 IKGKH 34 C

AIG - DEC 09 IKGXJ 36 P

No Trades - Friday

Due to the New York winning the World Series it was better to be on the sidelines, then be in the markets. As soon as the Parade started all the volume and options stopped trading in a normal fashion. I thought is was maybe bad data feed, nope it was not. The first 30-minutes would have been profitable, but would have had to held over the weekend, if it did not work out or if traded any other time during the day.

Unemployment was bad and then a bounce. Hummm. . . . Looking to see a slow to strong start on Monday morning, after the weekend of NY parties. Time well tell and we will have to see.

10 Cent and Hour

Shorten day and only three trades for 10 cent and hour of work. AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKK 37 C Those trading computers are killer in the morning . . . We just have to figure out our new plan of attack. Most of the traders I know are back to scapler mode, there is not waiting and see.

All Positions Closed Out

All I have to say is wow and it seems the spreads are getting larger everyday. SPY - DEC 09 FYNLA 105 C

SPY - DEC 09 FYNXA 105 P

AIG - NOV 09 IKGKI 35 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGWL 38 P

Oregon - Congrats!! Win over USC

See ya'll at the Rose Bowl. The rest of the schedule is no cookie cutter.