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Thursday, July 16, 2015

Start Taking Profits On Calls - Resistance Will Build As the All-time High Is Challenged


One Option Trading Blog http://ift.tt/1DiW9Q3 Posted 8:30 AM ET - The market tried to rally Wednesday, but comments from Janet Yellen sparked some light selling. She said that baring any surprises, the Fed would raise rates at least once this year. The 100-Day MA was never in jeopardy and we will stay above it this week. I know that Greek riots were blamed for the pullback yesterday, but any logical person should have expected that after the concessions were made. Either way (deal or no deal) there would have been rioting. Chinas trade balance improved and GDP/retail sales were better than expected. Their market sold off …

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