Editors Note:

The Dow fell -253 at the low and rebounded 152 to close with a -101 decline. This may have been a one-day wonder or it could be the start of some actual profit taking. The weight on the market intraday came from news the corporate tax cuts may not happen until 2019. While it is far from settled, that was not the news the market wanted to hear. The S&P futures are negative and I am recommending we wait until Monday to enter any new positions.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays