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Tuesday, December 26, 2017

High Flying Stocks Are Vulnerable to Profit Taking


One Option Trading Blog http://ift.tt/2pzzNOK Posted 9:00 AM ET - This is historically one of the slowest trading weeks of the year. The news is light and seasonal strength should keep a bid to the market. I expect to see a little profit-taking next week. Stocks that have rallied the most (tech) will be vulnerable. Democrats and Republicans will negotiate the debt ceiling/budget in January and the process will get ugly. This will keep a lid on the rally. Swing traders need to wait patiently on the sidelines. Any dip will present a buying opportunity once support is established. Day traders should also keep their activity …

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