With the markets trading sideways for the last three days and the payroll report on Friday I am not adding any new plays tonight. The Jobless Claims were slightly better than expected and the ADP and Challenger reports this week seemed to point to a better nonfarm payroll number than most expected when the week began. Improving expectations can produce negative surprises. There is a good chance there could be a sell the news event regardless of what number is released.
Once we get past Friday the calendar is pretty clear for next week so I am planning on adding several plays over the weekend.
James is traveling this week and will be back next week.