One Option Trading Blog http://ift.tt/2r9lUqU Posted 9:00 AM ET - The market is in a holding pattern until the FOMC next week. Trading volumes are light and the daily range is extremely tight. Economic growth is moderating and any stumble will be met with profit-taking after the Fed raises rates. Swing traders should stay in cash. If the market is able to shoulder the rate hike and hold the breakout I will passively consider overnight longs. The downside risks are greater than the upside rewards so I will error on the side of caution. I would welcome a pullback to the 100-day moving average, but that …
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