A 1% move in the Russell was good but a 2.6% gain in the Nasdaq was great. The Dow gained 434 points and the Nasdaq 154. Anything that was worth buying was bought today. The S&P futures are up +9 and the Nasdaq futures +42. Option premiums were already overly inflated at the close and should the futures gains hold overnight they will be inflated even more at Thursday's open. Not only do investors need to know when to hold and when to fold but when to stand pat. This will not be a morning to enter new positions.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays