Another day, another slow day as we wait for the Jobs Report tomorrow. This is now the 8th straight day were the intraday movement in the S and P 500 Futures were small and tight. What was a mover and shaker today? AAPL surging past the $600 level and traded to almost $613. The biggest dropper today, the Euro getting crushed and I covered part of my Short position, but I still remain short it.
I think the market is very overbought, but it can continue to climb higher longer than I can stay in business, so if I am trading counter trend I want to make sure that I get a great risk vs reward set-up. Have a great night and see everyone tomorrow.