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Friday, January 26, 2018

Take Profits On the Open Today - Sell Half and Use SPY $284 For the Rest


One Option Trading Blog http://ift.tt/2rGqjlV Posted 9:20 AM ET - The market has a strong tailwind and dips should be bought in Q1. Buyers are gobbling up stocks and 2018 is off to an incredible start. Gaps higher have been met with resistance and we are seeing profit-taking on the open. This is a sign that the momentum is starting to slow and that a conventional pattern of lower opens and higher closes is about to begin. After almost a 200 point S&P rally in the last month we should expect some retracement. Take profits on half of your position on the open today and move …

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