Loading ...12:18 pm—A coupla things—they’re buying treasuries for the first time in 3 days-why?….what with a blockbuster jobs report tomorrow?=ADP says 291K v.s. 160k expected…the trannies down 50 pts all morning and not bouncing…the Russell down a few all morning too…could be just working off a bit the o.b. situation…TSLA has bounced on high volume…all perfectly normal….but if the jobs # is on the low side…and if the virus story comes back from the dead…with a weekend ahead…
I may be obligated to buy some VXX calls before todays close…t’would be more prudent to buy the them on the jobs report-if it’s strong– but from 8:30 to 9:30 that pop could disappear and even reverse and there is no option trading… gotta see how the last hour shapes up…if the mkt closes fairly strongly my options may be on the bargain counter…
this is top picking…t’is always better to let the mkt show its hand…but in this supercharged environment 50% of a move could be over by that time…