Flatter Than Schiacciata Into Draghi

In front of another European Central meeting tomorrow where Mario Draghi, president of the ECB, must likely deliver the goods in terms of sufficiently easing to please markets. Unlike in December, Draghi knows he simply cannot disappoint, leading to high stakes and a virtual wildcard of additional risk for just about any trades across all asset classes, short-term. 

As such, I am flat at the moment and mostly considering only day-trades before the ECB tomorrow. 

The Euro is spiking up as I write this, but if Draghi throws the kitchen sink of easing at the Euro Zone I would be more inclined to look at the short side tomorrow. 

I will also follow-up on the recovery in the gold miners this morning for Members in my usual Midday Video, as they went from red-to-green. Again, the ECB represents an additional elevated risk in the short-term, long or short. So I am looking to trade the reaction tomorrow.

A few names are sticking out to me today in terms of relative weakness all day, beyond CMG, namely Nike. Still, in front of the ECB, and given the overall market setup, it is tough to lean too heavily short in front of Draghi and his obvious mission to please markets.