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Wednesday, May 20, 2015

Breakout Trying To Gain Traction - Reduce Risk If SPY Closes Below $212


One Option Trading Blog http://ift.tt/1FAJOwP Posted 9:40 AM ET - Global markets set a positive tone for the open Tuesday (China up 3% and the EU up 1.5%), but the S&P 500 struggled to tread water. The overnight news was light and stocks around the world are up slightly this morning. The FOMC minutes will be posted this afternoon and I'm not expecting any surprises. The statement was rather boring a few weeks ago. Janet Yellen will speak Friday and that could have more of an impact. She has been dovish and her comments should be market friendly. Flash PMI's will be posted tomorrow morning and …

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