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Tuesday, May 26, 2015

Breakout Needs To Hold - Use SPY $212 As Your Guide - Manage Risk


One Option Trading Blog http://ift.tt/1LDeLyx Posted 10:50 AM ET - Today the market is suffering from a holiday hangover. Many traders are extending their time off in this news vacuum. I did not get overly excited about the light volume breakout last week, and I'm not too concerned about the decline this morning. Durable goods orders fell .5% and that was in line with expectations. The next big news will come on Friday when GDP is released. A week from now, ISM services, ISM manufacturing, ADP and the Unemployment Report will be posted. Most traders will wait for that news. Asset Managers will not chase stocks …

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