Monday Mayhem – War! What is it Good For? Defense Contractors?

Whee, what a ride!

A very profitable one too if you read our Thursday morning PSW Report and followed our note to short the S&P (/ES) at 3,250 as those Futures contracts pay $50 per point, per contract so a very nice $2,000 per contract gain on the 2nd leg down – after the first set hit our initial $500 goal at the open

Of course, that's nothing compared to our long on Oil (/CL) Futures at $61 as oil topped out this morning at $64.50, paying $3,500 per contract or, if you were more sensible, taking gains of $3,000 off the table into the weekend was PLENTY to make in 24 hours!