Tuesday, December 5, 2017

We Went To the Bank and Took Profits - Wait For A Market Pullback


One Option Trading Blog http://ift.tt/2nyDyTU Posted 9:30 AM ET - Yesterday the market rallied after Senate Republicans passed the tax bill. The initial reaction was positive, but tech stocks dragged the entire market down. This was a "sell the news" event and the S&P 500 finished the day in negative territory. This price action tells me that future gains will be hard-fought. The GOP still has a lot of work to do. They want to have a tax bill on Trump's desk by December 15th. If Republicans lose Alabama the new Senator will take office as soon as December 26th and the one vote margin of …

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