Thursday, April 13, 2017

Market Will Stabilize - Start Looking For Bullish Put Spreads!


One Option Trading Blog http://ift.tt/2oaDmFm Posted 9:20 AM ET - As I mentioned in my comments yesterday the market had more work to do on the downside. The reversal Tuesday was nice but it lacked conviction. Political news is dominating the headlines and investors are nervous. Stocks sold off yesterday and the market closed below the 50-day MA. The remedy for those jitters is corporate profits. This morning J.P. Morgan Chase, Wells Fargo and Citigroup reported. The Secretary of State held a press conference yesterday after his meeting with Putin and the tone was confrontational. Russia has been supporting Assad in Syria and they don't want …

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