ECB Cut Was A Great Short - Still Too Early To Buy - Be Patient and Trim Size

One Option Trading Blog http://ift.tt/1Xi5MJd Posted 9:30 AM - Yesterday the ECB fired its bazooka and the market rallied above major resistance. The news was expected and traders faded the rally. In my comments I mentioned that this was a "sell the news event" and we made a killing shorting the S&P futures and shorting stocks. Once the selling reached a climax, we covered our positions. Thursday will probably be one of my top 20 trading days this year. Central bank easing is not a bearish event, but this news was propping up the market. Bullish speculators rushed in and the door was slammed in their …