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Monday, June 8, 2020

Take Profits Into Market Strength - Wait For A Dip and Reload


One Option Trading Blog https://ift.tt/2UjYkUT Posted 9:30 AM ET - Last week the S&P 500 rallied to a new relative high and we are only 200 points from the all-time high. Optimism over a speedy economic recovery was fueled by strong economic releases last week. If activity is sluggish, the government (fiscal stimulus) and the Fed (quantitative easing) will provide assistance. Asset Managers are counting on this safety net. This has been a low-volume rally and these gains can easily be stripped away. Take profits into strength and reload on a market pullback. Last week's Unemployment Report revealed that 2.5 million jobs were created when a …

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