One Option Trading Blog https://ift.tt/2RAWOug Posted 9:30 AM ET - After the bloodbath Tuesday, the S&P 500 is down another 45 points before the open today. Robust earnings, strong domestic economic growth and seasonal strength have failed to attract buyers. Sentiment has soured dramatically in the last two months and the dark clouds continue to pile up. This is why we took profits on our long SPY position last Friday. The downside risks outweigh the upside rewards. China and the US have a 90-day truce, but few believe that a deal is close. A CFO for major Chinese company was arrested in Canada for violating US/Iranian …
No comments:
Post a Comment