Market Is Trapped In A Range - Don’t Be Tempted - Keep Your Powder Dry

One Option Trading Blog http://ift.tt/2vihBbV Posted 9:00 AM ET - The S&P 500 is trying to float above the all-time high. The momentum has stalled and there is no catalyst to drive the action. Profit-taking is keeping a lid on the rally. Trading volume is extremely light and the daily ranges are compressed. We are in a news vacuum and we can expect this to continue. China's trade numbers were little light and that is weighing on the market. Imports rose 11% (18% expected) and exports rose 7.2% (11% expected). The next significant economic news will be released in a week (FOMC minutes). Earnings season is …