Editors Note:

Wednesday was probably a preview of the next two days of trading. Volume is falling and the opening gap higher was sold hard. Retail investors are more than likely finishing up on their tax loss selling and portfolio managers are prepping for the potential for increased volatility in January. This was the third consecutive day that the Dow opened significantly higher and was hit by immediate selling. This trend is not likely to change this week.

Next week we could see some of the normal post Christmas buying but it may also be minimal. With the markets at historic highs after a monster gain for the year with no material profit taking, there is probably a general consensus that we will see a better buying opportunity in January. There is no reason to put new money to work in an uncertain market with short-term challenges ahead.


No New Bullish Plays


No New Bearish Plays