The major indexes rallied to strong resistance thanks to a short squeeze. Is this just a pause before they go higher or a one-day wonder that will be followed by another decline? Obviously, nobody knows but the S&P futures opened up +3 and have slowly bled points back to the flat line. We are overly long in the portfolio and there is no reason to force an entry into another position.
I did scan several hundred charts and nothing jumped out as a screaming buy. I am not recommending any positions tonight.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays