I don’t do market predictions and could care less about the market direction. A good trader should be able to skate forward and backward. Today, however, I’m going to make a predication. I can guarantee you we are going to see some FIREWORKS in the coming few days.
The election coming up tomorrow, the Federal Reserve meeting and the monthly jobs number are both coming up fast. I think a Republican win of the house is already priced into the market but a Republican win in the Senate could push the market higher. I don’t like gambling, so I’m sitting this one out and will be watching from the sidelines.