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Tuesday, October 27, 2020

Expect Market Weakness Ahead of the Election - Do This If We Get A Big Drop


One Option Trading Blog https://ift.tt/3ovtciT Posted 9:30 AM ET - Investors have pre-election jitters and the SPY closed below the 50-day moving average yesterday. A stimulus bill in the next week is unlikely so that safety net is gone. Mail-in ballots could delay the election outcome and civil unrest is possible if the process drags on. I believe the 100-day moving average could be tested before November 3rd. The Coronavirus is spreading in the US and in Europe. Major metropolitan areas are in Phase 3 and this will hamper Q4 economic growth. Mega cap tech stocks will report this week and we will hear from Microsoft …

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