The bipartisan skinny stimulus agreed upon Sunday evening isn’t going over too well.
Stocks started out soft, but have recovered a bit off the lows.
This is a shortened trading week with markets closed on Friday for Christmas.
That means options this week expire on Thursday evening.
We’ve seen a lot of short-term buying activity, but we’re going to sit on our hands today.
As we’ve discussed before, we must be patient and let the market come to us.
Instead of forcing a trade today, I am going to wait until tomorrow morning.
That means, no-trade today.
I'll have a new one for you tomorrow morning.
Action to Take: No trade today
Joshua M. Belanger