Editor's Note

Volume determines market direction. The side with the most volume wins. Today was a low volume day with only 5.9 billion total and there was only about 500,000 shares more declining than advancing volume. This was simply light profit taking rather a change in direction. It could turn into a trend change if cautious investors begin to get worried about post earnings depression or the sell in May cycle. This is still a Q1 earnings week but the reporting volume will decline sharply again next week.

 

New positions are only added on Wednesday and Saturday except in special circumstances.


NEW BULLISH Plays

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NEW BEARISH Plays

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