R.C. Market Report 11.12

• Tomorrow's Forecast: Anxiously Bullish

• The gap down at open broke yesterday's support cleanly. Thus, Put plays while Call remains on the sideline, not receiving a signal to enter. Volume was moderate but increasing through past three days of decline.

• Tomorrow: Making intraday new low in S&P seems highly likely. Financials, housing and other sectors have closed at new lows as of today. However, I believe the likelyhood of S&P holding it's support is high enough to warrant my cautiously and anxiously bullish forecasts. If a turnaround takes place, I'll not hesitate to call up the Calls.