Good morning everyone. I hate to say it but today I am expecting a whole lot of nothing. After the morning rush, I fully expect the market to settle into a very small range chop as it waits for the Employment Situation number Friday morning.
Sadly there is not much we can do to trade the Friday number because it will happen pre-market and the big action will likely occur before the open. I personally see the potential for a big gap in either direction tomorrow that we will obviously not be able to control. Thus, my suggestion is to manage the trades that you are in and avoid putting on additional risks. If fact if you are concerned there is nothing wrong with taking gains on trades that currently have profits and then just sit back and watch with your capital protected.
Trade Wisely,
Doug
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