Editor's Note

After a 162-point rally in 33 trading days, the Russell is struggling. The index recovered the 4 points it lost on Wednesday but that was anemic compared to the large cap indexes. After an eight-day rally in the Dow, we are now in overbought territory. We can always become more overbought as diehard shorts are forced to cover and portfolio managers are forced to chase prices, but there is no reason for us to add to the portfolio on a Friday morning. There is always the weekend event risk and the potential for traders to take some money off the table ahead of the weekend.


No New Bullish Plays


No New Bearish Plays