Market Recap – Dec. 5th.

533K jobs lost in Nov. That’s a lot of jobs. The market rallies anyway. Either this means Monday will be red as in blood red, or that the traders/investors are tired of hearing negative news and just want to buy a little at this point.

Market Recap - Dec. 5th.
Market Recap - Dec. 5th.

 

Very aggressive!

 

Holding spider Puts for Dec. in practice account. On the 4th it went down. There was the symmetical triangle and then then the descending triangle. Sounded like it would break below the support line. But it would appear that the bottom is forming. It might still fall a bit for a few days but it would seem that it is reversing trend here. Of crouse, the reversal is not shown in this chart, this is from the 4th. The char on the 5th shows a good green candle.