Today is the big day, Obama gets into office and will fix the country in 5-7 business days. Unfortunately the country is beyond fixing. Once again that market is going the in crapper because of these banks. Overseas lead the way with RBS losing a boat load and England getting a $100 billion bailout. Pipp Pipp Cherrio Lad all is well.
Across the pond we have BAC needing money, C needing money.
So just like last time, banks will lead this market down. Lets look at XLF. Which I have APR 9 Puts on.
As of 8:12 it is trading at 9.20, we break this line and it could be free fall time.

Right now XLF is at the bar having a good time, he wants to go home but his friend's SKF and my Puts are telling him to stay. So right now he has a choice; he stays lands up blacking out, making out with a large lady and landing up back at her place and having to do the walk of shame or he goes and only stops off at the dinner for cheese fries and wakes up with heart-burn and a bad hang-over. Its your move XLF.