I AM EXPECTING A SMALL BOUNCE

I see the market using $125 on the DIA as support.  How long it will last is still questionable, but the $125 mark has been support twice in the past year.  Here is an option play that I am doing.  Buying the March 125 calls and setting a price target of $134.  If you look at the delta of the option, it is $0.61.  This means for every dollar rise in the stock, the option  rises 61 cents.  

Despite all that, some "defensive" stocks are peaking their heads out.  The pharmaceutical ETF has shown signs of life as well as AGN.  You will see that this one is in the banner to the right as a buy.  

CG has also made a nice bounce and I am putting in a buy for that one.  

I have shorted quite a few stocks and HB is one of them.  

GOOD LUCK TRADING.  (I still think this is a bear market so trade carefully)

JD