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Wednesday, December 7, 2016

Market At All-Time High - Buy Any Dip Ahead of the FOMC Statement


One Option Trading Blog http://ift.tt/2gTxdxd Posted 9:30 AM - Tuesday the market probed for support early in the morning and the selling was weak. Once support was established I started scaling into long positions and I mentioned that I would wait for the first market move before deciding how to position myself. In this case I faded the move. Stocks gradually inched higher the entire day and we are right at the all-time high this morning. Not much happening on the news front. Oil is down again and that will weigh on basic material stocks. We could see a rotation into tech. The daily trading range …

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