Editor's Note

After a week of gains we were due for some consolidation and fortunately it was very mild. We made the right call yesterday in not adding any new positions. The A/D line on the small caps today was 2:1 negative. With the tariff headlines spiking again and a long three day weekend ahead, there is a better than even chance for more profit taking on Friday. Even if it does not occur, I would rather not jump into new positions ahead of the weekend with currency issues in more than one country and China likely to kick back on the $200 billion in tariffs.


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


No New Bullish Plays


No New Bearish Plays