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Monday, August 7, 2017

Flat Market With No Volume - Get Ready For the Doldrums


One Option Trading Blog http://ift.tt/2wAiRGI Posted 9:00 AM ET - The market is trapped in a tight range and we are heading into a news vacuum. Volume will drift down to its lowest level of the year and traders will take time off. This low probability trading environment will last a few weeks. Earnings season is winding down and 70% of companies have exceeded estimates. Guidance for Q3 is excellent (six-year high). Now that mega-cap tech stocks have reported, the excitement will wane. The Fed is in recess until September and when they return we can expect more tightening. Politicians are also in recess and the …

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