I don`t think I am going to open any new position today, but I was expecting to see the futures green this morning after the Intel news in the after hours session.
I will keep my short NYMEX Crude Oil Position and I may further add to that short position. Oil Inventories will come out later today and will certainly be a market mover.
Forex markets have been quite active lately and I may look for a trade there. There is an interesting article on the CNBC homepage about the possibility of US Debt being downgraded and its implications on the value of the dollar.
I have been positive on the dollar and was about to open a long US Dollar / Short Euro FX position, but I think I will wait a bit more. Things will get pretty volatile in the currency markets. Fasten your seatbelts!
I am doing an experiment on my blog, posting all my trades in real time and my market thoughts. Lets see how that plays out. Having a nice trading day.
Disclosure: Short Crude Oil Futures