Market Closes Second Day In a Row...

US market continues to be closed today due to hurricane Sandy. This is truly an unprecedented disaster and throughout my trading career, the US market has never closed two days in a row without public holiday. US market will resume trading on Wednesday but liquidity is expected to be thin as large parts of Manhattan are still without power and evacuation is still in progress. This might result in huge intraday swings as the East Coast begins post-disaster rebuilding and rescue operations so if you must trade on Wednesday, make sure you use limit orders instead of market orders.

Lets continue to keep those in the wake of hurricane Sandy in our prayers.