The bearish trend returned as hopes for tax reform faded once again.
There was no race to the bottom but there was a definite return to a bearish bias. The S&P futures are down -4.50 and declining in the evening session. With the president at war with congressional leaders and threatening a government shutdown in September, the most likely direction for Thursday is down. I would be thrilled if the rally continued but the calendar is working against us. There is no reason to add additional risk without a good idea about market direction.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays