One Option Trading Blog http://bit.ly/2G0zzYk Posted 9:30 AM ET - The S&P 500 has been compressing in a tight range the last seven trading days. The upward momentum from the oversold bounce has stalled. Traders are waiting for major announcements this week and the outcome will determine market direction in February. Apple posted results and iPhone sales were slightly below expectations. Service revenues were up 19% and that took some of the bite out of the announcement. The stock is up 5% and we are seeing a small relief rally. Given that the stock is near its 52-week low this is not much of a bounce. …
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