A Bounce Is Coming - Stay In Cash Until It Stalls - Then Go Short

One Option Trading Blog http://bit.ly/2Sd8gwr Posted 9:30 AM ET - There is not any new information overnight. Investors were hoping for a dovish FOMC statement and they did not get it. This was the last possible catalyst for the year and there is nothing to stop the bleeding. Stocks continue to make new yearly lows. Wednesday, the FOMC raised rates a quarter of a point and they reduced 2019 projections (two rate hikes instead of three). This was the base case and there were incremental dovish steps that could have been taken. The Fed could have set the next rate hike for June and they did …