One Option Trading Blog https://ift.tt/2OhY0SG Posted 9:35 AM ET - PRE-OPEN MARKET COMMENTS FED-DAY -Yesterday the market jumped to a new relative high and the breakout at SPY $281 was gaining traction. Comments from trade officials sparked volatility later in the day and profit-taking pushed stocks to their lower the day. The headwinds are blowing and gains from this point forward will be hard-fought. US/China trade negotiations continue, but the summit has been postponed until June. It's no coincidence that the tone with North Korea has soured (they are threatening to resume rocket tests). China will use this as leverage during the trade negotiations. They scripted …
No comments:
Post a Comment