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1. It is Veterans Day today so I’d like to say thank you to all of our veterans. We should always remember that the freedoms that we have in this country are because of their bravery and efforts.
2. Markets are up slightly today. The NASDAQ Composite is the strongest of the major indexes this morning trading up 1.25%. Over the past few sessions the NASDAQ has been weak. So this bounce in the tech heavy NASDAQ should be watched with some caution. The DJIA, S&P 500 and the Russell 2000 Index are all overbought in the near term at this time.
3. Gold and silver backing and filling today. Gold futures down $14. Silver futures down .21. Just more of the chop. Very range bound.
4. Q&A options are risky right now. You can always buy or sell the stock. We lost on USO options. They reorganized the USO etf and we took a loss. Loss was locked in.