One Option Trading Blog http://bit.ly/2H1KEK3 Posted 9:30 AM ET - Yesterday the market was able to rally and we are seeing follow-through on this bounce. The news was light overnight and the S&P 500 is up 20 points before the open. The path of least resistance points higher, but caution is needed since this is only a bounce. Friendly rhetoric from the China/US trade negotiations lifted global markets overnight. Both sides remarked that a deal might be attainable. Earnings season is right around the corner and valuations are reasonable at a forward P/E of 14.5. We could see warnings in the next few weeks. After posting …
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