No new trades for the Option Investor newsletter tonight.
The S&P 500 managed to eke out another record high but the NASDAQ composite did not rally. The small cap Russell 2000 index appears to be reversing lower. Meanwhile the leadership in the transportation stocks may be fading as their rally stalls.
If you are looking for new bullish plays I did note that BG, MNST, and NXPI were showing relative strength today. These might be bullish candidates on a breakout above resistance, directly overhead for these three stocks.