Thursday, April 23, 2020

Take Profits On Long Positions - I’m Getting More Bearish With Each Passing Day [Here’s Why]


One Option Trading Blog https://ift.tt/34XNacI Posted 9:30 AM ET - The S&P 500 has not moved much in the last two weeks and the upward momentum has stalled. The market is resting right in the middle of its range for the last two months and Asset Managers are waiting for clarity. The spread of the Coronavirus is starting to decrease, but we don't know when the economic recovery will begin or how quickly activity will return to normal levels. Earnings guidance will provide some clues, but corporations are also in the dark. I believe that the last leg of this rally will run its course in …

No comments:

Post a Comment