The market weakness in the latter half of February was right on schedule. Thursday was another day of low volume and no gain but the major indexes remain just under critical resistance. We could be back at those key levels at any time.
The 2,815 level on the S&P, 7,600 on the Nasdaq and 26,191 on the Dow remain the levels to beat. Today's decline was a little deeper than Wednesday's, but Friday is shaping up to be positive. It is possible for the market's to pull out another gain for the week but it will be close.
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