One Option Trading Blog http://ift.tt/1FOUJOa The market drifted down to the 100-day moving average the first few days of the week. Rumors of a Greek deal sparked short covering and we bounce off of support Wednesday. I told you yesterday that we would see more selling into the FOMC meeting next week and the S&P 500 is currently down 15 points. The price action is nothing but noise. Ideally, we will test the 200-day moving average next week and an excellent buying opportunity will present itself. If not, I will continue to use a "hit and run" strategy. I am trading low-priced stocks with unbelievable success. …
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