Options expiration is a week I usually do not trade. While others have the ability to consistently make money, I've found this is the one week of the month I'm likely to get whipsawed. Usually I will sit it out, maintain existing positions with wide mental stops, or close one position with the smallest profit which happened on Monday.
In the most recent history since 1990, the Tuesday through Friday of Options ex before the 3-day President's Day holiday is negative along with the Tuesday after the holiday. It is on Tue before the close that you want to add to existing positions.
Breath was 11 up for every 19 down on the NYSE. 116 issues made new 50-day highs.
Asset Managers led by BEN up .93 to 129.97.
Commodities led by BAL up 3.53 to 97.78.
Nasdaq Big Cappers led by QCOM up its sixth straight day up .47 to 58.64, JNPR up every day but one in Feb, up .77 to 44.39.
Most Oil stocks down 2% today. But CLB up 1.17 to 99.77.
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