Market Wants To Run But It Needs A Trade Deal - No Follow Thru Without One

One Option Trading Blog https://ift.tt/2BzePpc Posted 9:30 AM ET - Yesterday the S&P 500 made a new all-time high. The market lacked a catalyst. When the buying dried up profit-taking set in. Many analysts are blaming the Cohen/Manafort verdicts, but I believe the recent price action is all “noise”. The market lacked a driver to start with and traders have successfully faded opening gaps to a new high this year. Trade talks with Mexico, China and Europe are underway. A deal with Mexico is close and an agreement could fuel a breakout. Trade negotiations with China will be lengthy and I'm not expecting any progress. The …