Tuesday, November 27, 2018

Market Should Bounce As Shorts Get Squeezed - Use Intraday Stops


One Option Trading Blog https://ift.tt/2r6aTnX Posted 9:30 AM ET - The calendar is filled with major news events Wednesday through Friday. I'm expecting a small relief rally that lasts a week and then the selling should resume. Powell will speak on Wednesday and we need to hear dovish remarks. The FOMC minutes will be posted Thursday and they will reveal if some Fed officials are worried about a slowdown in global economic growth. On Friday China will post its PMI and Trump will meet with Xi at the G20 meeting. I'm expecting slightly dovish remarks from the Fed and market friendly comments from Trump after the …

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