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Thursday, September 20, 2018

I Don’t Trust This New Market High - I’m Long and I’m Raising My Stop


One Option Trading Blog https://ift.tt/2xr3uTH Posted 9:30 AM ET - The S&P 500 is going to open at a new all-time high this morning. There isn't any overnight news to justify the move. Momentum is pushing stocks higher and quadruple witching will help. These opening gaps higher have frequently been faded this year. We will raise the stop on our SPY position today. Trade negotiations between the US and China are strained. The US is threatening to increase the rate to 25% and China is threatening to lower tariffs on all other TRADE partners. China will also sell US treasury holdings and they might halt shipments …

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