Market sentiment received a wakeup call on the China trade expectations. Instead of cruising slowly towards a successful trade agreement, the expectations ran into some turbulence. China does not trust the US and of course the US does not trust China. They both want some assurances that they will not be double crossed once a deal is completed. The sudden uncertainty knocked the markets back from their intraday highs with the S&P closing 20 points below the intraday high. This could prevent investors from pressing on to the prior highs ahead of an agreement.
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