Tuesday, March 27, 2018

Stay Long - Market Will Grind Higher This Week - Here Is My Target


One Option Trading Blog https://ift.tt/2pKAeCW Posted 9:30 AM ET - Yesterday we “bought the open”. Stocks probed for support early and we took a little heat. Buyers stepped up and the S&P 500 finished 30 points above our entry price. We will see follow-through buying the rest of this holiday shortened week and I believe we will challenge the 100-day moving average. Trump is negotiating trade deals with China and a trade war will be avoided. South Korea already signed a trade agreement and the threat of steel tariffs brought them to the table. Without the threat of tariffs you have no leverage and without leverage …

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