Interim Update

With the Dow down close to 500 points today, it would be an understatement to say that the portfolios are doing well. Since we have been struggling with stops, a word to the wise: This would be a good time to pay strict attention to stops where we have large gains. Taking at least half off if a stop is hit is highly recommended. Let's hope those occasions are far away. Remember that as options rise in value, so do the trailing stops. 

BABA: Will reverse SHORT on a close below 183.74. With BABA currently trading at 184.00 that is less than $1 away. If the Sell is triggered, we be buying the April $180 puts, trading now at about $8.50. (Apr $175 also attractive.)