The best use of this space today is to update the trailing stops on all of the unexpired options in the PRO Service, just in case yesterday wasn't an aberration and there is more of the same to come. Speaking of which, the TLT puts bought via this Dec 11th Sell Signal are now up well over 100%, so add them to the long list of trades now subject to 50% trailing stops (Best Return) to protect profits. PRO Service Active Options TLT SQQQ SQQQ is the triple leveraged short QQQ index and is an effective (and quick) hedge against the kind of mayhem that went on yesterday. It was up over 11% as the Nasdaq crashed in the aftermath of Powells debacle, taking January calls up triple digits. SQQQ Jan Calls Buy an out-of-the-money SQQQ call if the market turns down again like it did yesterday, or, just turns negative as a hedge against any existing long positions. It's too early to say the tide has turned, but yesterday may not have been just a one-off event, it could have signaled the beginning of something more ominous.
