One Option Trading Blog http://ift.tt/1QY4CAs Posted 9:30 am ET - Yesterday Janet Yellen temporarily stopped the bleeding when she testified before Congress. As I mentioned in yesterday's comments, this sugar high would be very temporary. From the moment she started speaking, stocks pulled back. By the end of the day the 20 point S&P rally was erased and the market finished in negative territory. The S&P 500 is down 30 points before the open and SPY $182 will be tested. The Fed Speak rally was one of the easiest fades I have seen. Global economic conditions are deteriorating. China was the growth engine of the world …
No comments:
Post a Comment