Tuesday, October 30, 2018

Wednesday Nov 7 Will Be A Critical Day For the Market - Cash Is King


One Option Trading Blog https://ift.tt/2Rk7Vaq Posted 9:30 AM ET - Yesterday we saw another opening gap higher and another fade. Stocks have been in a bearish pattern of higher opens and lower closes. This will be a busy week of economic releases and traders will be monitoring global growth. Domestic activity is robust, but Europe is struggling and emerging markets are also soft. China's official PMI will be released overnight and we might see weakness ahead of proposed tariffs. The selling pressure has been heavy and this slide will be hard to reverse. I've been outlining three things that could spark a bounce. The key word …

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