Editor's Note

The Dow is an index of 30 stocks and that was never more apparent than today. Boeing was down -56 points at the low to erase -394 Dow points but the dip was bought. The other Dow stocks posted strong rallies to lift up their stricken brother and overcome the morning disaster. The Dow futures were down -304 just before the open but the other stocks were surging on left over short covering from the squeeze at Friday's close. This show of strength, when the Dow could have imploded, suggests great market sentiment under the surface. The 2.5% decline from last week was just enough to pull traders back into the market. Assuming we are not killed by some errant headline on Tuesday, this rally should continue.

 

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