Editors Note:

Many times, we have to look through the fog of war that envelops the market and make a rational decision. Tonight is one of those times. In the play update section I outlined the collapse in the Russell 2000 well below critical support, which is a screaming sell signal. However, the S&P and Nasdaq futures are strongly positive in the overnight session. I believe we are going to see a potential window dressing short squeeze at the open or else the futures are going to reverse overnight and follow the Russell 2000 lower. Regardless of what happens, the odds for a volatile and unpredictable Friday are very high. I am passing on adding any new positions today. There is no reason to jump into an irrational and potentially volatile market.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays