We are not adding any new trades tonight.
Market momentum stalled today and stocks will likely drift sideways tomorrow. Investors are looking towards Thursday's ECB meeting as the next market turning point. ECB President Mario Draghi has all but promised to announce some sort of stimulus package for Europe. If he does not then the equity market reaction could be sour. Even if he does announce some creative program it has been argued that this "good" news is already baked into stocks and the equities could sink anyway as traders sell the news.