The market traded sideways on Thursday but Friday could be a much different story. Better than expected earnings from Intel (INTC) tonight could fuel gains for the technology sectors tomorrow. Meanwhile JPM is due to report earnings on Friday morning and their report will set the tone for the financials. I am somewhat concerned that the rally is looking tired but the trend remains higher.
I'm not adding any new positions tonight. We already have a huge play list and we need to start trimming the number of candidates to make room for new trading ideas.
Look for new trades in the weekend newsletter.