There are good reasons for not charging enthusiastically into Monday’s opening, starting with the failure of Friday’s rally to exceed a Hidden Pivot target that I’d drum-rolled in the E-Mini S&P.  There is also an Armstrong cycle date to respect, along with another from Paul Montgomery, a forecaster whose market calls have been described as “eerily accurate” by no less an authority on cycles than Peter Eliades.  In the meantime, we have some modest bearish plays working in Google and Microsoft, but the stock market will have to fall before we can spread off what little risk we have in these two stocks. We also have a bull calendar spread in the Diamonds that has ebbed into slight profitability, but it will need to ripen some before we take a partial profit.  I’ll post more touts for the new week Sunday night, after electronic index futures have begun to  trade, so stay tuned!