The S&P gave back all the gains from Wednesday and the second half of February is rapidly approaching. I have been warning for a couple weeks that the second half of February was the weakest part of the month. When the S&P barely closed over resistance on Wednesday, I warned we should not add new positions because the market was acting weak ahead of expiration. Futures are down -10 tonight. We appear to be on track for a post expiration decline.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts