Market Speedbump This Week - Make Sure You Are Using Intraday Stops

One Option Trading Blog https://ift.tt/2OM7BR1 Posted 9:30 AM ET - The S&P 500 made a new all-time high last week, but the momentum is poor. Stocks have taken three steps forwards and two steps backwards while issues are resolved. The FOMC will hike rates this Wednesday and I believe the rhetoric will be neutral at best. Conditions could change rapidly and intraday stops are a must. Wage inflation will keep the Fed in tightening mode. As long as the market is moving higher, they will hike rates. As yields move higher it will become more expensive for emerging markets to borrow money and the threat of …