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

Sincerely,

Joshua M. Belanger