One Option Trading Blog https://ift.tt/2Np2Jlk Posted 9:30 AM ET - Yesterday the market rallied to a new all-time high. As expected the Fed cut interest rates by a quarter-point and the press conference was a little more hawkish than the market wanted. Apple and Facebook posted solid results and the stocks are up after the announcements overnight. This morning we are seeing a little profit-taking and the S&P 500 is down seven points. The outcome will from this round of news did not produce the pullback we wanted. We can expect light volume and lackluster trading. Many analysts were expecting a let-down after the FOMC statement. …
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