Editors Note:

The markets traded sideways again today as worries increased over what will happen on Friday. The Dow closed at a two week low and the Russell only posted a minor rebound from Tuesday's 20-point decline. The futures opened the evening session positive after Netflix gained $10 in afterhours after beating on earnings. The S&P and Nasdaq futures have now turned negative as tensions rise ahead of the inauguration. The VIX actually rose despite the mostly negative market. That is a sign somebody is buying puts.

There is no reason to put money to work in this market ahead of the event. I scanned what few companies there are that do not report earnings over the next three weeks and nothing changed from Tuesday's scan. Let's wait and see that Friday brings before diving into the market.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays