Monday, January 29, 2018

FOMC Wed Will Be Hawkish - Small Speedbump Ahead


One Option Trading Blog http://ift.tt/2GuBCB1 Posted 9:30 AM ET - The market is screaming higher and the S&P 500 is up 200 points since the beginning of the year. The momentum suggests that there is more upside, but we are due for a small pullback. Last Friday I suggested taking profits on half of your position. Now the other half will be easier to manage. This is a busy news week. President Trump will deliver his State of the Union address Tuesday night. The economy is strong and tax cuts are fueling this market rally. He will take shots at the media and Democrats, but overall …

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