Took long position in YM for a leveraged short-term pop higher. If you pay attention to commodities you should know this number will come in below estimates....stocks will surge higher till earnings start to roll in.
Sold 4 have 1 left. Some companies like to warn into the weekend. I expect companies to start admitting they will come up short as we head into earnings. Be careful holding too much overnight.
Speaking of closes, expect earnings to be weak. Some companies have warned. Some will just wait till release day and miss the mark. Has this been priced in...beats me.