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Friday, February 15, 2019

Stay Bearish - Bad News Is Mounting and the Bid Will Soften


One Option Trading Blog http://bit.ly/2GxdZeD Posted 9:30 AM ET - Yesterday the market tested the 200-day moving average after a soft retail sales report. Stocks found support and the market was able to close above that critical level. Trump will reluctantly sign a bill today that avoids another government shutdown. The S&P 500 is up 12 points before the open as a result. The negative news is mounting and the market is discounting the macro backdrop. Investors were not overly concerned with a government shutdown and I believe the early "pop" this morning is fluff. Trump will hold a press conference 30 minutes after the open …

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