He is not heavy, he is my brother. The other Dow stocks posted strong rallies to lift up their stricken brother and overcome the morning disaster. The Dow futures were down -304 just before the open but the other stocks were surging on left over short covering from the squeeze at Friday's close. This show of strength, when the Dow could have imploded, suggests great market sentiment under the surface. The 2.5% decline from last week was just enough to pull traders back into the market. Assuming we are not killed by some errant headline on Tuesday, this rally should continue.
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