Early Update

From Wolf on Wall Street's "The Week Ahead" last night,


"We are already seeing some pressure on commodities including oil. It will be difficult to judge the effects of the hike as this week should remain a very light volume market, which can also lead to a very volatile market."


We already saw flash crashes in europe and the open here in the US has been pretty brutal the first few minutes.


Remember, I do not believe we are in a technically sound, bullish environment, more like a very sick one. With the low volume it'll be easy for the HFT and other blackbox firms to throw the market around. In a flash crash, judging by history, the last thing you want to do is panic as they are usually taking out stops and the crash will generally recover part or most of the crash, after that I may consider taking action as they can be warnings of worse to come. THIS IS EXACTLY WHY I NEVER PLACE  STOP ON THE BOOKS, BUT KEEP THEM MENTAL IN MY HEAD UNTIL EXECUTION.