Tuesday, August 16, 2016

We Could See Selling Today - FOMC Minutes Could Spark Profit Taking - Be Patient


One Option Trading Blog http://ift.tt/2bxdNw6 Posted 9:30 AM ET - Yesterday the market started the week off on a positive note and it drifted higher during the first two hours. We were able to catch some nice longs in the chat room before the action died down. This morning, the market is giving back most of those gains. There might be some nervous jitters ahead of the FOMC minutes tomorrow. That is really the only news worthy event this week. Brexit was a non-event and labor conditions are improving. The Fed's tone was a little more hawkish and the “hot” jobs report will add to the …

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