Absolutely, never trade with out protection. As long as the long term trend is up that's the direction I trade in. Always remember, everyone likes a rising market, and the media and wall street favor it as well.
So easy making free money when you know they won't let it fall...haha...even a cave man can do it. Best traders in the world hahaha. By lunch we may be flat. They don't want the public to see red.
Now that the markets know a hike is coming, strong economic data is good, weak is good to it may push out a hike. They will spin it positive either way.
Looks like a higher open on Wall street as the futures just turned positive...Now the spin will be, a rate hike is good, it means the economy is strong. Remember wall street works towards a higher market not a lower one.