Futures seem to be flucuating; however, the big story will come at 8:30a, with the jobless claims number. I expected it to be bad and I don't know if this is priced in the market. I think the market could seriously tank 3-4% on any given day with some bad news; however, I am not saying it will.
As for trades, I will continue to keep the same names on my radar, and will post buys/sells. As for a trade, I might short the ultrashort long treasury fund TBT because I think it can definetly get a 30 handle, while maybe getting long the TLT. I will see how it goes but with the TBT at $45, I think we could see a nice $5-$6 dollar drop.
I will be back later..
Update II. DRYS is ripping!
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HUM up 1.44 in pre-market when nothing else is really going on. What a call!
ReplyDeleteDXO Train is leaving the station. Now at 3.01...
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