The big short squeeze on Thursday left us nothing to trade today and the payroll report before the bell on Friday is serious event risk.

The monster short squeeze today was not tradable. If I had added any positions last night we would have been filled on the monster spike when premiums were at their lowest so I am glad I did not add anything.

With the Nonfarm Payrolls at 8:30 on Friday and some serious expectations already baked into the cake I think it would be prudent to avoid taking any positions ahead of that volatility. The payroll report should establish a trend for next week so I plan on adding some positions over the weekend.

Jim Brown



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