Morning Commentary March 3,2010

The futures are mixed ahead of the ADP jobs report due out this morning. Two more jobs report will also be announced this week with the monthly employment situation report Friday morning being the most influential. All of these are used as a barometer of the ecomonic health .

Volatility has drifted lower over the pat few days nearing an are a in the VIX  where bounced last time. Be careful to the downside and consider put insurance on  your negative vega trades, the vols wont stay this low forever.