The chinese stock market keeps falling apart with the Shanghai Composite tumbling over 6% overnight. Things have been rather quiet at this side of the globe but I am expecting a severe correction to unfold in the next few weeks strarting now.
S&P Futures are trading down 6 points and I have shorted some contracts on Globex. I am expecting market softness so we all should put our red ships in the water.
Risky assets like oil are also trading lower this morning. This correction will probably be widespread affecting most commodities also.
Today I will trade listening to one of my favourite alternative rock bands. The Band Of Horses are a bit melancholic, but I really love their subtle and powerful sound. Have a good trading day.
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