Although there are no new system signals this morning there are two key levels that should trigger action outside of system trades. First, in the event that the S&P takes out Wednesday's low at 2774 the market could enter an accelerated move down. Should that occur, make sure you have enough puts (on anything) going into the weekend. Second, do not let VXX rise above $34.00 without owning some VXX calls. In this case look at the Nov16th or Nov 23rd expirations, strike price $34 or $35. These levels are in effect for today and Monday. Depending on price action they may change early next week.
