Market Will Tread Water Next Week - More Selling After Memorial Day

One Option Trading Blog http://ift.tt/2qEDu2P Posted 9:00 AM ET - This week the market showed signs of strain. The S&P 500 pulled back sharply from its all-time high on Wednesday. Bullish speculators hit the panic button and Asset Managers pulled bids once the momentum was established. Stocks are poised to open higher this morning but we will see more profit-taking in the next few weeks. A combination of events sparked selling. Earnings season is over, growth is moderating, the Fed has its foot on the brake and Trump is sinking into "the swamp". Global Asset Managers are pulling money out of US equities ($22 billion in …