Bullish sentiment is rising ahead of a normally weak period in the market. While I would love to see the S&P retest 2,800 and continue its recent gains, the odds are shrinking that it will happen. I would love to just back up the truck and load up a bunch of momentum stocks but the last two weeks of February are the weakest part of the month. The cloud of post earnings depression settles over the market and investors are deciding what positions to sell to raise money to pay their taxes. With the weak performance on the S&P and Nasdaq today, the market could be setting up for the post expiration turmoil. There is no reason to add new plays today.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays