The five days of small cap gains suggest there is a change in the wind but the big cap markets are diverging.
Spiking volatility does not provide a good opportunity for new positions. The S&P futures are -5.50 as I type this and the VIX closed over 15. Any position we would enter at the open on Wednesday would not get a good fill if these conditions continue overnight. With volume expected to be weak and headline events on the horizon we are already overly long and shorts are not working. I am going to pass on adding new plays today and will be looking for directional confirmation on Wednesday. There is no reason to rush into new positions
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays