Editors Note:

Choosing market direction over the next 48 hours would take a leap of faith. We know the market is going to open negative on Wednesday because of Apple's big earnings disappointment. That will be followed by the Fed announcement at 2:PM and the Bank of Japan monetary policy announcement early Thursday morning. Wednesday could be wildly negative, dormant or wildly positive if Apple investors buy the dip in volume.

In keeping with my past recommendations I do not want to add new positions unless we have at least some indication which way the market is going to move.



NEW DIRECTIONAL CALL PLAYS


No New Bullish Plays



NEW DIRECTIONAL PUT PLAYS


No New Bearish Plays