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Wednesday, August 24, 2016

Day Trading Lesson - We Will Not Short INTU Today - Here Is Why


One Option Trading Blog http://ift.tt/2bNpxYj Posted 9:30 AM ET - The market is as flat as a pancake. There isn't any news to drive the action and daily trading ranges are tiny. We can expect this to continue through Labor Day. Since my comments haven't changed much, I thought I would post a lesson that I would normally reserve for chat room members. We are constantly evaluating earnings trades and here is one that we will avoid today. Intuit is going to get pounded on the open. It will fall below the 100-day moving average and it will trade below horizontal support at $109. . . …

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