Thursday, July 30, 2015

Price Compressions Lead To Breakouts - This Will Be Resolved On the Downside


One Option Trading Blog http://ift.tt/1SP7Oxd TAKE THE FREE TRAIL We are making a killing everyday in the Chat Room. Posted 11:30 AM ET - Yesterday, the Fed did not show its hand and the market liked the tone. This was largely priced in and we saw a sluggish rally as predicted. The SPY is one strong day from an all-time high and one nasty day from the 200-day moving average. Prices are very compressed right now. Mega cap tech stocks were the last catalyst and Apple, Microsoft and Facebook failed to deliver. Cyclical stocks are posting results and the reaction …

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