Pepsi exceeded $169 quickly on Wednesday last week. Plenty of upside action in 2-3 days on call options recommended under $166. I am on to the next one.

Last Wednesday was the last full trading day for stocks last week. This day saw what looked like some short capitulation off the open Wednesday. It was quickly reversed, but didn’t see any follow through on the downside. Still it is a warning shot for a possibly larger consolidation. I am therefore not interested in either side until I see how this week gets started.