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Thursday, November 16, 2017

Feel Good Rally Won’t Last - Be Patient and Wait For A Nice Dip


One Option Trading Blog http://ift.tt/2j28hCW Posted 9:30 AM ET - Yesterday stocks took an early tumble and they quickly recovered. As the day progressed the bid weakened and the market closed on a whimper. This was one of the first times in months that the market did not finish strong after a dip. I suspect more selling pressure. The market is up this morning and there are a few positive news items. Network Appliance, Cisco and Walmart reported good earnings. The House is likely to approve the tax bill and that will also provide a "warm fuzzy" for investors. I believe the early rally will reverse …

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