One Option Trading Blog http://ift.tt/1M9grBP Posted 9:30 AM ET - Yesterday, the market got a decent round of economic news from China. The early gains vaporized quickly and the downside was tested. We did not get the bounce I was looking for and it needed to happen Wednesday. I took small losses on my call positions and my bias has turned more bearish. The ECB wants to ease and the Fed wants to hike. These opposing actions will create uncertainty. The US dollar will rally and that will hurt exports and earnings (currency conversion). In the absence of a bounce yesterday, we won't see any panic …
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