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