Editor's Note

Tuesday's market decline was material but not unusual. After a week of gains with the Dow rising 1.9% and the Nasdaq 2.7% it is not unusual to see a material decline. The only question is the length of the decline. Will it be a one-day wonder, a 3-day mini correction of 1% or a 5-7 day correction of 2-3%. With earnings starting with the banks on Friday, I doubt it will be a big decline. I suspect this was just a consolidation pause but we need to watch carefully for the rest of the week.


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


No New Bullish Plays


No New Bearish Plays