Must Be Santa!

Buyers went on a rampage Wednesday, pushing the Dow and the S&Ps deep into record territory. Rick’s Picks subscribers were ready for it, scaling out call options that they’d acquired  for 0.34 on November 21 for as much as 3.05, or nine times their original cost. Meanwhile, a tracking position in the E-Mini S&Ps established just five days ago at 2185.75 was showing a theoretical profit of $7200 at the close of Wednesday’s session. Even so, we’ll be looking to ease out of what remains of the option position just above these levels, since both the Dow Industrials and the S&Ps are very close to Hidden Pivot resistance points that could reverse the rally despite its manic energy.