The Local's Take: Morning Commentary

Good Morning,

Jobless claims claim (shocker there) to about 24k more than expected and the markets is flat, flirting with going green.

With the markets strong, I guess it will take worse news than that or at least multiple weeks of climbing numbers to dampen the spirits of the bulls and bring shorts into the mix.

I will say that if we weren't in overbought territory, well then we are fast approaching it with 1220 in the SPX as a great place to load up on protection. Kind of like Braveheart, hold, hold, hold and then strike!

Until then, be careful not being too bearish. When (if) we ever break, there will be plenty of time to be short!

Trade updates coming soon (hopefully!)