Flash PMIs Could Be A Problem In 1 Week - Market Will Tread Water Until Then

One Option Trading Blog http://ift.tt/1hj9mnL This week we can expect choppy trading near the low end of the range. Traders typically take time off in August and the volume will be light. The next major news event is a week from today (flash PMI's) and earnings season is winding down. Buyers are nibbling at the 200-day moving average, but the bid is small. Asset Managers are not anxious to buy ahead of the September FOMC and one whiff of bad news will prompt them to pull bids. Japan's GDP fell 1.6% quarter over quarter. China is struggling to tread water and traders are wondering if the …