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New Plays
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Play Editor's note: We were looking for a wash-out in the markets. This definitely felt like a capitulation sort of day but the bounce just died after the first 100 minutes of trading. That isn't very inspiring. There are plenty of stocks on our watch list but we're not willing to jump in just yet. Remember, we are in a bear market. Rallies will get sold and we should be using them as new entries for bearish positions. The question is how long will each individual bounce last (a day, two days, more?). FYI: Shares of JOE still look bullish to me. The stock added 3% on big volume today.

New Long Plays

None today.

New Short Plays

None today.

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