Editor's Note

Investors spent the day twiddling their thumbs on a lack of headlines. The morning opened weak until President Trump reiterated his willingness to continue negotiations. China trade talks are on again and investors are patiently waiting for an outcome. They may be waiting longer than they expect. The talks in Washington are the last ones before the artificial deadline of March 1st for increased tariffs. President Trump has said he is willing to extend it if there is material progress. Several of the US negotiators have commented there is a long way to go. There is a distinct possibility they will not reach an agreement and negotiations could turn hostile again. Reportedly, China wants to settle the dispute but does not want to give up any ground on the really important items. Both parties have said they will not give any further updates in order to prevent headline complications. The market could continue to stagnate until there is news. The last two weeks of February are normally the weakest part of the month. Expiration Friday is the turning point. Time will tell if this pattern repeats this month.

I will be out of the office until next Wednesday. I will not be posting new plays until then.

 

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