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Red Underwear

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(CNN) "The Labor Department said first-time jobless claims rose by 83,000 to a seasonally adjusted 441,000 for the week ended Dec. 7. However, difficulties with statistical methods used in the report, common at the end of the year during the holiday season, contributed to the bigger-than-expected increase, the department said. "

 

Uh, thats a 20% increase. If this is statistical error, y'all need some new actuaries. Spin the bad news, celebrate the good. Orwell would be proud.

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Will close my XAU puts, with which I hedged my long holdings, which have increased greater than loss of XAU. Looks like XAU may break to 76 again. Still look for a pullback before we get there. Question is to follow Sinclair and sell 1/3 of holdings.

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Picked (long) up QLGC this morning for 38.30. Put it in (market) for the open after the employment numbers lifted the futures back up.

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Onischka bullish NDX over 1044. Over 1044 potential to 1060. If 1060 (26.5 on Q's) breached next target is 1088 (27.2 on Q's).

Ormsby :rolleyes:

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