Right on schedule the market is starting to weaken ahead of expiration. While nobody can accurately predict the market on a daily basis, it does not take an Einstein to know that bullish sentiment is fading and bearish sentiment is rising. The post earnings depression cloud is settling onto the market.
While this could correct at any time and the market surge higher, the trading patterns have changed. Instead of surging into the close as we saw for about ten days, the market is now selling off into the close over the last three days. This looks a lot like a topping process in the market after seven weeks of gains.
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