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Friday, November 10, 2017

Tax Cuts Getting Watered Down - Market Does Not Like It 


One Option Trading Blog http://ift.tt/2yOleuW Posted 9:30 AM ET - When bullish influences converge and the market fails to rally there is a problem. Earnings have been strong, economic releases have been solid and seasonal strength is at its best level of the year. The market should have rallied last week and a red flag was raised when it didn't. I've been encouraging you to exit long positions this week. The market is addicted to good news and it wants more. The proposed tax cuts are less generous than expected. The House and Senate plans differ materially and the negotiations will take time. Trump wanted a …

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