One Option Trading Blog http://ift.tt/2qAqVbG Posted 9:30 AM ET - Trading volumes have been cut in half and momentum favors the upside. Energy and financials are not participating and I'm skeptical of this rally. Aggressive traders can trade from the long side and use SPY $240.60 as a stop on a closing basis. As the June FOMC approaches I urge you to be careful. The downside risks are greater than the upside rewards. China's PMI came in as expected (51.2). This was a neutral number. Germany's retail sales were light. Global economic growth is moderating. ADP will be posted tomorrow and it will set the tone …
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