The Dark Clouds Continue To Mount - Take Profits and Reduce Market Risk

One Option Trading Blog https://ift.tt/2BphtPe Posted 9:30 AM ET - Monday the market broke through horizontal resistance established on June 8th and it made a new relative high. Follow through buying sparked an opening gap yesterday, but profit taking stripped Tuesday’s gains away. The market bid remains strong ahead of mega cap tech earnings. Microsoft will set the tone for the tech sector when it reports after the close today. I believe that stocks will float higher for another week, but danger lies ahead. Take this opportunity to lock in profits and reduce your risk exposure. The US has ordered China to close its consulate in …