Editor's Note

The S&P futures are down -29 points as I write this commentary. The Asian markets are imploding with Japan down -3% and the Hang Seng Index down -3.4%. WTI crude has fallen to $27.60 and still declining.

I was going to add the Oil Service Index (OIH) as a short today but with the market in free fall we could be filled at the low of the day at the open. I will wait for a calmer market to launch that trade.

We need to remember that we should not trade just to trade and it is better to wait for the right trade rather than try to force a trade in a crazy market. We have some great shorts in the portfolio and they should decline again on Wednesday if the futures remain this low.

Be patient. It is better to be bored than broke.


No new plays


No new plays