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Monday, December 4, 2017

Tax Cut Rally - Start Taking Profits At SPY $270 - Move Your Stops Up 


One Option Trading Blog http://ift.tt/2BJOBwz Posted 9:40 AM ET - Friday the market prepared for the Senate tax bill vote and the price action was bullish until the Flynn news hit. Stocks reversed quickly and the S&P 500 dropped 50 points. The dust settled and those losses were erased by the close. Republicans did get enough votes and the market is pushing higher this morning. The price action from Friday shows some nervousness at the all-time high. Good news is priced in and politicians will have to push back the budget deadline this week to avoid a shutdown. This should not be difficult. Extending the debt …

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