Editor's Note

The small caps continue to lead the market lower and with only 3 trading days left until the election, Friday could be very volatile. The S&P has been down for 8 consecutive days and Friday could be the ninth. The election uncertainty is growing and there is a very strong potential for high volatility over the next three days. Friday could be the worst. Monday and Tuesday could see some bargain hunting. I am recommending we continue to wait patiently at least until Friday passes. Anything we could add on Friday could be stopped out before the day is over. We should never trade unless there is a reasonable assumption of market direction and today there is no way to judge that. We are very oversold and there could be a monster short squeeze. OR, the payroll report on Friday could be weak like the ADP report and see the market decline even faster on economic worries. There is simply no reason to put money at risk on Friday.


No New Bullish Plays


No New Bearish Plays