When I was a kid in the 50/60s we used to have Duck and Cover drills just in case the U.S. was attacked. We would drop to the floor and hide under our desks in one grade or run to the halls and kneel down next to the lockers.

This week could be a duck and cover week. The Doha deal died and falling oil prices could drag the market lower. S&P futures are down -12 on Sunday night.

We already have a large portfolio and I think we need to duck the potential market volatility and not add any positions until we see how far the selling goes. It could all blow over by Monday morning but with a flood of earnings this week there could be an additional reason for volatility.

No new plays this week.