Fearful Friday – Ebola in NYC Spooks the Markets

October 24, 2014 at 07:58 AM EDT

Halloween is just around the corner . Already the monsters are coming out with two of NY's three papers already maxing out their headline fonts to scream EBOLA!!! to people on their way to work . As I noted to our Member in this morning's Alert ( tweeted out too !) that made for easy shorts on the Futures : Based on Ebola and the upcoming stress tests, I'd have to guess a sell-off is coming today. Shorting /ES at 1,940 (tight stops, of course) and the Dow (/YM) at 16,600 are a lot safer than shorting /TF at 1,100 but all good lines to use and watch. /NQ already failed 4,000 . It's 7:54 and already the Egg McMuffins are paid for on nice drops off those levels and we'll take quick profits and run and hopefully get a chance to re-enter as I don't see this day going well. We're back to short in our Short-Term Porfolio but less aggressively so than last weekend as we can't ignore the underlying 2.5% gain our indexes have put up this week. IN PROGRESS

SPY 5 MINUTE Halloween is just around the corner.

Already the monsters are coming out with two of NY's three papers already maxing out their headline fonts to scream EBOLA!!! to people on their way to work. As I noted to our Member in this morning's Alert (tweeted out too!) that made for easy shorts on the Futures:

Based on Ebola and the upcoming stress tests, I'd have to guess a sell-off is coming today. Shorting /ES at 1,940 (tight stops, of course) and the Dow (/YM) at 16,600 are a lot safer than shorting /TF at 1,100 but all good lines to use and watch. /NQ already failed 4,000.

SPX WEEKLY It's 7:54 and already the Egg McMuffins are paid for on nice drops off those levels and we'll take quick profits and run and hopefully get a chance to re-enter as I don't see this day going well. We're back to short in our Short-Term Porfolio but less aggressively so than last weekend as we can't ignore the underlying 2.5% gain our indexes have put up this week.

IN PROGRESS