One Option Trading Blog http://ift.tt/1OmpDSq Posted 9:50 AM ET - Last week the market broke major support levels as Chinese panic selling escalated. The Yuan was crushed and investors sold Chinese bonds. Chinese investors wanted to avoid capital gains in 2015 and they unloaded stocks the first chance they got. This triggered circuit breakers and panic selling ensued. China's official PMI's were decent. Tomorrow, they will post trade numbers and a week from tomorrow they will post industrial production/retail sales. These will be important events. Central banks love to screw with shorts and option expiration presents the perfect opportunity. I believe the PBOC will take action …
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