With the big event on Friday, the best observation position could be the bleacher seats. We do not know how the market is going to react between now and the close of business on Friday. Anything is possible and the headline flow is only going to accelerate. With the Russell 2000 closing at a five-week low we could be seeing the early signs of a sell the news move.
There is no reason to put money to work in this market ahead of the event. I scanned what few companies there are that do not report earnings over the next three weeks and there were none that just screamed "buy me." There are only three days left in this week and next week could see an entirely different market. Let's wait and see that Friday brings before diving into the market. I will run my scans again on Wednesday and see if anything changed.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays