Market Summary
Today's Fed announcement was anticlimactic and stocks basically 'sold' the news while the fiscal cliff melodrama continues to hold the market hostage. The Fed action crashed treasury bonds and stabilized precious metals, presenting an opportunity for us to cash in gains.

TLT Position Update -------------------------------------------------------------
TLT closed at $122.59 on Wednesday – the December position is approx. $1,200 in the black

The November 13th Couch Potato published a December expiration TLT call spread
Unless treasury bonds gap higher tomorrow we plan on closing out this spread for an approx. $1,200 gain as soon as the trade is available. Just buy back the $130 short call contracts to close the position if you have difficulty selling the long $135 calls as part of a spread trade (see tables below)

GLD Position Update -----------------------------------------------------------
GLD closed at $165.77 on Wednesday – the December position is approx. $2,000 in the black

The November 13th Couch Potato published a December expiration GLD call spread
Unless gold gaps higher tomorrow we plan on closing out this spread for an approx. $1,000 gain as soon as the trade is available. (see tables below)

Exit Plan
As discussed above, the exit rules for our December TLT and GLD call spreads have been triggered and unless treasury notes and/or gold bounces back tomorrow we will close out these positions.

Happy Trading

Gregory Clay

Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.