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Monday, January 30, 2017

Fed Jitters - Use SPY $228.60 As Your Guide This Week - Buy Dips


One Option Trading Blog http://ift.tt/2jv02h7 Posted 9:00 AM ET - Last week the market made a new all-time high as Trump executed his game plan. The promise of reduced business regulation and lower corporate taxes sparked buying. Earnings season has been decent and it will climax this week. The S&P 500 is down this morning and it looks like we will fill in the gap from last Wednesday. Trump got credit for the rally and he is also being blamed for the decline this morning. Personally, I feel the market wants to go higher, but there are nervous jitters ahead of the FOMC meeting on Wednesday. …

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