Focus On Earnings Day Trades - Reduce Swing Trades Into FOMC Next Week

One Option Trading Blog https://ift.tt/2BIP2sc Posted 9:30 AM ET - The market continues to look for a catalyst and earnings are not attracting buyers. Results to date have been better than feared, but stocks are at the upper end of their valuation range so good news is priced in. Traders are expecting a quarter-point rate cut during the FOMC meeting next week and the market bid should remain strong until then. Shorts are typically passive until mega cap tech stocks have reported and Apple is the last to post (October 30th). Look for lackluster trading with a slight upward bias. High level trade talks between the …