Big drop overnight

OK, what is the news? I can't find anything... ES down 40 points...

I guess it is the new Chinese tariffs...

 

https://www.zerohedge.com/news/2018...tr-consider-another-100-billion-china-tariffs

 

Darned good question Pekelo.Saw my volatility stuff spike hard.

 

Just another Friday.

 

Thanks to President Trump. U.S futures got trumped by Trump.
https://nypost.com/2018/04/05/trump-wants-to-levy-additional-100b-in-tariffs-against-china/

 

But the same thing has already happened 2 days ago, market opened in the red 40 points and ended up 30+ in the green. One of the best rallies ever, 90 points in 10 hours. (2560 to 2650)

By this time the market has anticipated the Chinese response...

 

If that is your belief, you can bet against the U.S futures. If you are right, you will make lots of money. If wrong, ... I hope not but all the best of luck.

 

Dow futures indicate more than 400 point drop at market open after Trump threatens more tariffs on China

 

Tell me what is new about this? Also thanks for explaining how futures work...

 

I would be hesitant, job numbers tomorrow morning before the open can really create havoc if numbers aren't great.....

I added very small positions in UDOW and SSO on the drop, will sell tomorrow morning once job numbers come out!