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Friday, January 25, 2019

Day Traders - Get Short When the Momentum Stalls Today


One Option Trading Blog http://bit.ly/2Wg4hBK Posted 9:30 AM ET - This week the market tested the 50-day moving average twice and it bounced off of that support level. Earnings season is in full bloom and the results have generally been good. The news has been relatively light and rumors have been driving the action intraday. The S&P 500 is up 25 points before the open and these moves have typically been faded. Rumors are circulating that DC might temporarily open the government for three weeks while they work on a compromise. Trump is pushing for the wall and if he can't secure funding he will try …

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