Be alert for some increased position squaring ahead of the Greek vote
As I pointed out moments ago, brokers are ratcheting up margins into what could be another hairy weekend for markets. There's a good chance that we see increased activity through tomorrow and Friday.
We saw a fair share of that last week as month and quarter end flows mixed in with the Greek risk, and this week it could be greater
As NFP has been brought forward it's likely to mean that an hour or two after the numbers US traders will have one eye on the margaritas and the long weekend. They may decide to get out of dodge well before the close
Europe is still open Friday but liquidity will be greatly reduced, particularly as we head to Friday's close. The lack of liquidity could well magnify some moves
As Greg has just noted in his excellent post, being prepared on how to deal with choppy markets will stand you in good stead
Forewarned is forearmed when trading so keep this in mind for tomorrow and Friday so don't go chasing and following moves you may get stuck in
