ESI Jan 100 call Stopped out $3.20. ESI Jan 105 sold to close for $1.00 credit. NET DEBIT $2.20.

Educational stocks along with Banking had stellar day and forced us out of our ESI positions.

This has been a rather frustrating month as this market seems to ignore its overbought scenario and continues its upward march. Everytime you get the corrective move in the day, the market bounces back, yet the Major Indexes like the S&P remain in their trading range like the ( S&P 1133 - 1139), until late today

In addition CVS's $1.20 move today, puts the CVS Jan33/35 call spread in the money. As mentioned with a 2 strike price difference we can wait a bit as we have other positions to worry about with RIG

February Watch list update:

Currently neither SID nor CHA are on the February watch list.

Remember ETF supplemental plays begin this weekend along with additional February recommended plays.