One Option Trading Blog http://ift.tt/2hvS0Gp Posted 9:30 AM ET - We are in cash and we are waiting for this round of profit taking to run its course. Over a week ago we took profits on long positions and we went to the sidelines. All of the good news did not spark a breakout and that was a warning sign. Watch for soft price action this week and get ready to buy. Republicans are haggling over tax cuts and the clock is ticking. Thanksgiving recess, Christmas recess and debt ceiling negotiations will impede them. They need to be clicking on all cylinders to get tax cuts …
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