Editor's Note

The markets have been docile in recent days but Wednesday is not likely to follow the pattern. We know the market is going to open negative on Wednesday because of Apple's big earnings disappointment. That will be followed by the Fed announcement at 2:PM and the Bank of Japan monetary policy announcement early Thursday morning. Wednesday could be wildly negative, dormant or wildly positive if Apple investors buy the dip in volume.

In keeping with my past recommendations, I do not want to add new positions unless we have at least some indication which way the market is going to move. There is no reason to add additional risk unless conditions justify that risk.


No New Bullish Plays


No New Bearish Plays