Only 5 trading days left in 2017 and the major indexes have stalled. The Dow has stopped at 24,850 for four consecutive days and sold off on every attempt. The Nasdaq is also failing below the high reached Monday. Friday is going to be extremely low volume and the market outcome is not expected to be any different.
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.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays