The market decline was minimal but the internals were weak. Is there more to come? I looked at a lot of stocks today and there were some serious decliners. It did not show in the major indexes but quite a few stocks have now rolled over for 2-3 days and the decline today accelerated.
Overall decliners were slightly less than 2:1 over advancers but the amount of the individual declines was notable. Some stocks were off 3-4% on no news. With weekend event risk approaching I am not going to add any new plays today and I will survey the opportunities again this weekend after we see what the market does on Friday.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays