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Tuesday, July 28, 2020

Market Rally In Final Stages - Go To Cash Before Profit Taking Sets In


One Option Trading Blog https://ift.tt/3f83N8Q Posted 9:30 AM ET - Yesterday the market started the week on a positive note and buyers remain engaged as major tech companies prepared to announce earnings. Republicans released their plan for the next round of stimulus and Democrats will weigh in. Good news is priced into the market and I feel that the upside rewards are much smaller than the downside risks. Swing traders should go to cash while the market bid remains strong – act now. I believe that profit-taking is going to set in perhaps as early as this week. More than 25% of the S&P 500 has …

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