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Thursday, August 9, 2018

Light News Favors the Upward Momentum - Stay Long and Reduce Size


One Option Trading Blog https://ift.tt/2vSVjhD Posted 9:30 AM ET - The news is light and that favors the upward momentum. Major indices are clearly through resistance and they are within striking distance of the all-time high. Trading volume will be low and tight daily ranges will be the norm. Stay long and move your stops higher. Traders and politicians will take time off the next few weeks. A breakout to new all-time highs could fuel buying as latecomers get anxious. Light volume gains can be quickly stripped away and that is why we only have a half position. The trade war with China is escalating and …

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