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Thursday, January 12, 2017

“Trump Speak” Makes Investors Nervous - Buy Dips - Support SPY $225 


One Option Trading Blog http://ift.tt/2jzGbh3 Posted 8:30 AM ET - Yesterday we saw some market volatility. Stocks started the day with a nice rally and that fell apart during Trump's press conference. His style is unconventional and investors get spooked by his comments. These knee-jerk reactions to his press conferences will subside over time. The market retreated to support at SPY $225.50 and then rallied into the close. The S&P 500 is down a little this morning and yesterday's gains will be given back. I'm not going to read too much into this price action. The market is caught in a trading range and it is …

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