The Markets will be Anxiously Awaiting a New President

Well this is the week we have all been waiting for. President elect gets sworn in and we finally get to see what he has up his sleeves. (Our economic woes are over and he might even have a cure for cancer...) Let's see if the investors are willing to put their money where their excitement is.

Of course negative economic data will continue to pour in and Q4 earnings will be announced for a number of companies over the next couple of weeks to dampen the excitement.

For the Q's as hoped for last week we had continued weakness for the first 3 days. I sold my puts Thusday expecting a bounce into expiration Friday and after 6 days of weakness. If we see stalling at the $30 area will probably add some puts back.

As far as the hourlies we can look to go long Fridays high or short Fridays low.

Commodities, with the exception of metals continue to scrap the bottom of the barrel with inflation following suit.