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Tuesday, August 21, 2018

A Sign That Tech Stocks Are Ready To Bounce - Market Still Compressing


One Option Trading Blog https://ift.tt/2nUe68v Posted 9:30 AM ET - The market is treading water near the all-time high and we are in a news vacuum. Traders are taking time off so the volume is light. This compression will continue through Labor Day. A possible trade war with China, an Iranian blockade of the Strait of Hormuz and the threat of a government shutdown are keeping a lid on the market. Trump can control these events and he does not want a market correction ahead of mid-term elections. Analysts believe that a trade deal with Mexico will be signed in the next few weeks. Both sides …

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