Editors Note:

This was the last major week for the Q3 earnings cycle and there are a lot of conflicting internals. The A/D line on the S&P has been dead flat for the last week and the Nasdaq and S&P are struggling to hold their gains while the Dow is surging. Eventually they will all agree on a direction and since there are about 3,000 more stocks in the S&P and Nasdaq than the Dow, I would believe their market direction indicators rather than the 30 Dow stocks. I researched charts for about 2 hours tonight but there was nothing screaming buy me. The market is too calm despite the mixed indexes. I am recommending we wait until Monday before adding additional risk.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays