Thursday, January 8, 2009

SP's

Well the sp's and nq's held their early lows and are finishing relatively firm.  Tomorrow morning the unemployment data will be released and could be anything.  Technically, the market has been in a buy zone since late yesterday.  We'll see what happens.  I didn't want to hold futures through the number as the chance of getting stopped out after such a number increases dramatically.  I still think, however, it's ok to be short put spreads.

I'll update things after tomorrow's data.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results