Schaeffersresearch.com: bullishly biased. Fear remains on the Street (favoring the bulls). Major indexes are up against the resistance levels (implying potential pullbacks). But year end potential rally exists. In the quadruple witching week, markets tend to be more positive, with exceptions of AMZN and MCP which tend to be more negative in these expiration weeks. For the AMZN and MCP shares I own, I should sell lower strike (ATM or ITM) calls for protection.
ChartAdvisor.com: bullishly biased. With the major indexes against resistance, can the indexes breakout to the upside for a rally, or remain stuck in a trading range? On the downside, watch for November lows if the markets go south. On the upside, watch if the indexes can break out above the resistance levels. If neither happens, we are still stuck in a trading range.
