Editor's Note:

Volume on Friday could be the lowest of the year as traders pack up ahead of the long Memorial Day weekend.

The market participants still trading will likely be focused on Russia's slow-motion invasion into Ukraine. It would appear that Ukraine was starting to see some success versus the rebels. Russia decided to pick up the pace and now there are reports of Russian soldiers fighting along side the Ukraine rebels.

Everyone seems to agree that the U.S. will not get involved militarily but the growing list of sanctions from the West will have an effect on the global economy.

We are not adding any new trades in the Premier Investor newsletter tonight. Tomorrow is a wildcard. It could be incredibly dull or it could be volatile due to the light volume and rising geopolitical risk.