Monday, November 26, 2018

Market Should Bounce This Week - We Bought the Dip - Use This Stop


One Option Trading Blog https://ift.tt/2FETFbm Posted 9:30 AM ET - The market has been very weak during a historically bullish time of the year. Trump and Xi will meet at the end of the week and I believe the rhetoric will be encouraging. Stocks are staging a relief rally this morning and we will see if the gains hold. Swing traders bought the SPY on Friday at $263.50 and we will place an intraday stop at $264. I don't want to lose money on this trade. The FOMC minutes will be released Thursday. Traders will be looking for a softer tone from Fed officials. Trump and …

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