Trade for Today

Big day had  big bang  volatility in markets after stronger than expected job data which force market to ignore taper threat as well  although Japan's Q3 GDP has been revised down to +0.3% on quarter from a previous estimate of +0.5% and +0.5% in Q2. and  China’s CPI will likely break below 3% in December and fluctuate towards mid-2% in Q1, Reorient analyst Steve Wang notes. CPI eased to 3% in Nov. as food inflation slid to 5.9% from 6.5%. "Unless food prices, especially meat and vegetables, surge beyond reason during the coming holiday season... China faces minimal inflation risk in the months ahead."
Following are trade calls for today,

• Sell SnP500 at 1809 atop above 1816 target 1795/open 
  
• Buy Gold around 1228 stop below 1217 target 1242/1255/1269