If this debt ceiling agreement holds, the market should open higher...much higher. I told you last week that many of the bears were shorting this market going into this weekend. Those short positions will likely need to be covered when the market opens tomorrow. That buying should move the market up dramatically at the open...maybe as much as 200 points on the Dow. You should also see the VIX drop down dramatically as the uncertainty of default has been lifted...assuming that the deal holds up. You should also see silver and gold sell off a bit. Hopefully these trades I recommended last week pay off well. If we get a big move on all these positions, take some profits off the table tomorrow...or within the next few days.
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