The small cap indexes swam against the tide on Thursday. Who knows how long that can last. If Yellen tanks the market on Friday that contrarian movement will see a sudden reversal.
We do not always have to be participants. Sometimes we should be spectators. Tonight is one of those times. With the market poised for a big move in either direction based on the Yellen speech on Friday, it makes no sense to initiate new plays. That would be like trying to cross a freeway blindfolded. Regardless of the play direction we choose it could be the wrong direction depending on Yellen's comments. We are better off letting the event play out and adding new plays this weekend.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays