Rande, as I stated last week, options expiry week, which IS next week, will most likely lead to a general index sell off, with the usual suspects, (high fliers) taking gas. Other than the ipo and low float stocks, which we are well aware of, and display a life of their own, the players who write options control the markets to a significant extent. I have studied this for years, and it is usually on target.
The OEX, SPX, and QQQ are the best put candidates. Of course, I may be wrong, but usually this is a lock, and that inflationary report today will not help the indexes in the short term, and by that I mean the next 7 trading days. On Monday the 21st, we reload, one way or the other.
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