The market will be ignored on Friday until a headline appears to cause a volatility event. The Dow and Russell closed at 5-week lows. Those are the two sentiment indexes for the market. Typically the market trades down on the day of an inauguration and the S&P loses 2.6% over the next four weeks. Nothing about this election cycle has been typical but we need to avoid opening new positions without a market direction other than sideways.
There is no reason to put money to work in this market ahead of the event. Let's wait and see that Friday brings before diving into the market.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays