Editors Note:

S&P futures are plunging again when Monday's opening decline did not satisfy the sellers. S&P futures opened flat and have fallen to -5.50 late in the evening. The window undressing today must not be over. The small cap stocks took it hard with the S&P-600 down -1.9% and the biotech index lost -1.3%. We are already overly long in our positions and with futures dropping I am not going to add anything tonight. There is no correct way to open a position on a gap down market unless you are 100% sure it is going to rebound. I am not 100% sure.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays