Thursday, April 7, 2016

Day Traders - Buy This Dip - Biotech and Drugs Catching A Bid


One Option Trading Blog http://ift.tt/1qvUZRh Posted 9:30 AM ET - Yesterday the market rebounded as I predicted and the FOMC minutes fueled the move. The SPY is back above $205 and that rally provided a great day trading opportunity. Some of those gains from Wednesday are being given back this morning, but support at $205 will hold. Once again, I will be buying at that level. The vast majority of my trading has been intraday. I don't want overnight risk and I feel like I can catch the remaining upside by day trading. This dip is a classic example. I will have a chance to reload …

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