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Thursday, February 2, 2017

Market Is Stuck In the Range - Appropriate For Groundhog Day


One Option Trading Blog http://ift.tt/2jH48D3 Posted 9:00 AM ET - Once again the market has left us standing at the altar. We had all of the ingredients for a breakout and it didn’t happen. The S&P 500 has been trapped in an extremely tight trading range for two months and this is a low probability environment. Fed officials said that employment conditions are improving and that growth is moderate. Economic risks are balanced and the decision to keep rates unchanged was unanimous. The reaction was muted and stocks barely moved. Most analysts believe the first rate hike will come in June. Earnings season is in full …

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