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Thursday, May 9, 2019

China Trade Deal Looks Less Likely - Can Liu Save the Day?


One Option Trading Blog http://bit.ly/2Jc51V8 Posted 9:30 AM ET - Yesterday the market treaded water after a nasty decline Tuesday. US/China trade negotiations are all that matter during the next 48 hours. This is a binary event and it will determine market direction. According to sources, China requested 150 pages of the trade deal last Friday. They made revisions and that is when Trump said that tariffs will be increased (according to plan) on Friday. The May 10th deadline for a deal has been known for weeks, but analysts thought that a deal would be signed this week. Those new tariffs go into effect tonight at …

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