Traders,

So, we got a temporary cease fire on the markets and as usual we got a rally in the after hours with the futures markets up pretty big but I still have the same views that I shared with you all in the Sunday night letter.

Dan made a video tonight talking about his views on this as well and for those that use the LongVol Report PDF he mentioned the risk-off scenario on Crude oil futures and oil and gas stocks last week.

I agree with his latest video and most of these names are going to gap up tomorrow and most will want to chase.

What I do think is important is to continue to look at some of the names I’ve talked about with you all here so tonight I am going to do that plus give a quick update on $SPY ( ▲ 0.04% ) levels/commentary for tomorrow.