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Monday, August 8, 2016

Lean On the Breakout At SPY $217.50 - Reduce Your Trade Count and Trim Your Size


One Option Trading Blog http://ift.tt/2aLEiN4 Posted 9:30 AM ET - Last week trading volumes were as low as we've seen all year. A solid round of earnings and a slew of economic releases did not stimulate activity. Friday's jobs report was better than expected (255,000) and the news was well-received. The SPY rallied through resistance at $217.50 and it was able to hold that level. The news was very light over the weekend and we will start the week with a flat open. As long as the SPY is above $217.50 I will trade from the long side. It is getting harder to make money buying …

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