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Tuesday, August 7, 2018

Buy SPY On the Open Today - 15 AM ET - Only Take Half A Position


One Option Trading Blog https://ift.tt/2OjCrQq Posted 9:15 AM ET - The market is climbing a wall of worry and strong earnings are overpowering all of the issues I've been outlining the last few days. The S&P 500 and the NASDAQ 100 are on the verge of breaking out. Trading volume is light and so is the news. That backdrop favors the current momentum. Swing traders should take half a position in the SPY today. Earnings season is starting to wind down and the results have been excellent. Companies don't know if tariffs will be imposed and there have not been many warnings. When the policies are …

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