Last Thursday the Nonfarm payrolls report came out. It was expected to come in bad, but came in worse than expected. Drove the markets much lower.

Today, markets started off lower and ended mixed. The sideways trend continues as the market tries to decide which direction it wants to head.

Earnings season soon begins and I would expect it to help the market find its direction. Chevron releases its report tomorrow, and I would expect to see a decent report. Oil has found some traction since its last report and there has been significant cost cutting. Also all contractors have been let go cutting down more costs.

No changes to NYX or my DRYS positions. My short call is OTM for NYX and I will probably continue to hold.

DRYS shares lost about 8% today based on data showing that shipping rates are declining. Increased volume suggests I should keep my protective puts in place.