Market Holiday Schedule

This is a reminder that the stock market will close early on Thursday ahead of the Holiday Weekend. Trading will end at 11:00 am MT or 1:00 pm ET. Here is a link to the Market Holiday Schedule:

http://www.nyse.com/about/newsevents/1176373643795.html

Also remember that the Employment Report comes out pre-market tomorrow morning. If the numbers miss expectations then the market will probably gap down. If that happens, use the gap down as an opportunity to lock down most of you profits on the puts. If we get a gap down then I speculate that it won't be long before the short come in and cover ahead of the 3-Day Weekend. If we run up out of gate, then the bulls might use that as an opportunity to sell a little more ahead of the weekend. Either way, don't look for a momentum day. Big Traders are going to want to get most everything done early and go on vacation. Based on the nervousness over the ADP report today, it wouldn't surprise me to get a soft Employment Report, but the estimates are already pretty low (-60k Nonfarm Payrolls and 5.4% on the Unemployment Rate). I speculate that it's going to take a -65k or greater or a -5.5% or higher to gap the market down. So unless we get catastrophic numbers way beyond those areas, expect a Thump and Bump on any numbers that are slightly worse than expected, and expect that Bump to come in pretty darn quick. If we get slightly better than expected numbers the market may run up for an hour or two before any selling, and I don't expect the selling to be very aggressive. The market may get fairly quiet towards the end of the trading day, with any drama on the 5m charts, but not much drama on the daily charts.