Stress Test fireworks impacting the futures early on. I am still short S&P Futures and waiting for a severe correction.
Jobs Data are a threat. ADP early in the week came better than expected and the data will cause volatility. Even though I think the market will end the day lower no matter what the jobs number is going to be.
I closed by crude oil short position with a 2 full points gain in the NYMEX Oil Futures. I don`t want to go overextended to today`s session. This way I still have some ammo left to play if things go against me today.
Traders Blog is a website for active online futures traders. We provide research and relevant oil, energy and stock market related news for futures traders.