Editors Note:

The markets have moved sideways for 8 days with no indications of future direction. Any new position would simply be a coin toss for direction. With the payrolls on Friday and the French election on Sunday, there is no reason to add a play in a flat market just because it is a newsletter day. We should have reasonable confidence in a market direction before we invest. The market is not giving us that confidence until it goes directional again. We have moved into the "Sell in May and go away period." So far that has not happened but it can take weeks to develop. We should be patient until there is a direction.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays