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Thursday, April 28, 2016

Profit Taking Will Set In - Late Day Selling Will Be A Sign To Buy Puts


One Option Trading Blog http://ift.tt/1UjcgZX Posted 9:40 AM ET - AAPL disappointed and the Fed was more hawkish. The market will have a hard time rallying without tech FB was good as expected. AMZN after the close Once the mega cap tech have reported, profit taking will increase and bears will get more aggressive Whatever gas is left in the tank will be burned this week. The market has been resilient, but it looks tired. Stocks that are breaking out pop early and then settle back. Even when the market bounces, they do not challenge the high of the day. This tells me that profit taking …

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