Market Is Soft - Buyers Will Return After FOMC Minutes Today

One Option Trading Blog http://ift.tt/29mIPVr Posted 9:30 AM ET - Yesterday the market slipped the entire day and it closed on the low. There was a small flight to safety (utilities, telecom and REITs) and that is not a good sign. We are seeing additional weakness this morning. The FOMC minutes later today should be dovish and the bid should firm up. Brexit will weigh on the market longer-term. The EU is weaker without England and credit concerns in Italy are starting to surface. It will be a couple of years before England makes the break and many believe that the EU will negotiate terms to …