New Market High Fueled By Short Covering and Quad Witching

One Option Trading Blog http://bit.ly/2KXpFZo Posted 9:30 AM ET - This morning the market is going to surge to a new all-time high. The FOMC statement was dovish and the word "patient" was removed. Fed officials did not give a timeline for the next rate cut, but investors don't seem to care. Stocks are moving higher this morning and quadruple witching will fuel the move. We are likely to see short covering now that we are through the all-time high. Bond yields are pricing in three rate cuts this year and I believe that is overly optimistic. Only 7 of the 17 officials believe that there …