Friday morning is another coin toss for direction. With significant resistance just overhead and the payroll report and ISM Manufacturing the two major headlines the market could go in either direction or do nothing at all depending on the economic numbers.
Our portfolio is firmly weighted to the upside and with strong resistance on the Dow being tested daily and holding, there is a decent chance Friday will be a profit-taking day. While I cannot guarantee that, I would rather wait until the weekend to add new plays.
There is always another day to trade if you have cash in your account. We should only trade if we have a better than 50:50 chance on being successful.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays