kaltbaum premarket

Futures were pulling in until about 9:05 when someone said something somewhere somehow about Europe this and Europe that. Futures now up decently…almost half percent.

Do not forget my thoughts about whippiness in the market. I stand by that. I think the low last week will be A decent low for now. Yes…I was surprised at the vicious sell-off yesterday but no biggie.

Tinkering with last night:

The only play is a short of RL breaking below 140.24. You do not play unless it breaks below.

Continue to keep positions light.

As far as COP and FDX, going to wait on them for this second.

The market is going to remain spastic and news-driven. I expect more gaps and reversals. I expect many who play too much to get carved up.