Buying rallies is not normally a good plan. Buying weakness is normally safer. Don't play in traffic, don't drive on the wrong side of the road and stop at railroad crossings. Those are all ways to avoid event risk. Another way would be not to try and add new positions at market highs on an expiration Friday ahead of weekend event risk. The market has been highly volatile the last week. Friday could be a continuation of that with all the saber rattling currently in progress.
If the market continues higher, we are in good shape since we are overly long. If it makes another nasty reversal, we will have a better buying opportunity for Monday. We do not want to add positions just because the market is open. Be patient and wait for the right pitch.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays