I was afraid that the market could rally with the dollar so weak in the trading session. The stock market rally did not materialize and I think its safe to put the shorts back on. I had closed them earlier and I am putting them back on.
Tough session to gauge direction. Bonds and US dollar moving big time and it seems like the volatility will come back to the markets. I expect lower prices on the S&P for next week.
I am short on time today. Have a good trading day and a nice weekend.
Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage.
