After a monster decline in the futures on Wednesday night the A/D on the Dow was surprisingly positive. The futures were down -14 at one point late Wednesday but the Dow came back and opened positive and then recovered from the intraday dip to close positive. Only four Dow components posted losses. That is rare even on days that are significantly more bullish. The rebound lifted the Dow to 25,715 and resistance for the last two days. Closing there could suggest we will have a higher open on Friday but the trick will be holding any gains.
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