Editors Note:

After the intraday decline of -250 points, investors remain cautious about the market. I believe they want to buy stocks but every rally we have had over the last six days has been sold. The intraday volatility is increasing and that is a symptom of market tops and bottoms. Resistance remains firm and we are working on a pattern of lower highs. At this point patience is a virtue.

 

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