The Russell 2000 gave back 19 points on Tuesday and appears to be headed for a retest of critical support. The small cap index gave back -1.7% compared to the S&P decline of .8%. If the small cap rally is over, I am hesitant to add new small cap plays. We do not want to add bearish plays after a 35-point decline in four days. I hate to add bullish plays if the market is finally failing.
We should only add new positions when we have a reasonable chance of profitability. Wednesday's market direction is a tossup and I believe we should just hold what we have and see if a trend develops.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays