Editors Note:

Entering new positions at the open on Thursday would be tempting fate. The markets are establishing a bearish pattern and appear to be on the edge of a breakdown and the S&P futures are down -14 tonight. They could reverse as they sometimes do but market sentiment is fading fast. If we do make some lower lows on the S&P and Russell it would be lights out for this rally. It already has the interest rate flu and it would not take much to add a dose of earnings pneumonia and really create a death spiral. Be patient, we will eventually get a buying opportunity.

 

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