Anyone who stuck around late on Friday got paid on this trade

Grinding it out until the bitter end on Friday afternoons isn’t the most thrilling exercise but when the market gets sleepy, you can get an edge.

Late on Friday the headlines about Obama speaking with Iran President Rouhani crossed — a breakthrough in Middle East peace efforts. Here’s what I wrote:

With the market still open, there’s a chance to catch it sleeping here with an oil short.

I took the trade myself; it’s nice to start the week with a bit of money in the bank. The Congressional self-inflicted wound to US growth is also helping and WTI crude is down $1.15 to $101.72.