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Monday, July 10, 2017

Wait For Support - Bid Will Grow and Prices Will Stabilize This Week 


One Option Trading Blog http://ift.tt/2tZCPwY Posted 9:30 AM ET - Last week the market dropped on hawkish FOMC minutes and a soft ADP report. Some of those losses were erased Friday after the government's jobs report (222K). The market feels nervous and I believe we still have some work to do on the downside. As the week unfolds prices should stabilize. Earnings season will start this Friday when major banks (JPM, WFC and C) report. That will keep buyers engaged and tech stocks should bounce ahead of mega-cap earnings. Politicians have been in recess and investors are impatient. The next recess is in a few weeks …

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