Happy Cyber Monday — Santa Claus’d Futures Surge

Here is the relevant headline:

Overall Cyber Monday shopping is expected to grow 18% YoY to $7.8 billion

Nasdaq futures are +100. I suspect the TNA that I bought last week will swing into profit today. My play is to monitor the action and resist the temptation to buy more up until the end of the day, at which point I will then decide whether to sell TNA or add another 30-40% in long exposure. Today could very possibly be a short term bottom, or a head-fake. My gut says to get long. But we’ll see.