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Wednesday, May 8, 2019

China Trade Deal Is All That Matters - Bullish Speculators Getting Flushed Out


One Option Trading Blog http://bit.ly/2Ha0gcz Posted 9:30 AM ET - Yesterday the market sold off on the possibility that US/China trade negotiations might break off. China reneged on previous commitments and Trump responded with a tariff threat that could take effect tomorrow. This deadline has been known and Chinese officials will meet with US trade officials tonight and tomorrow. This 4 day meeting was reduced to a 2 day meeting this week. There might not be much information that comes out before the market closes on Friday and this is a binary event. Much of the recent rally has been predicated on a deal with China. …

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