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Monday, May 20, 2019

This Support Level Will Be Tested In May


One Option Trading Blog http://bit.ly/2YKDFcL Posted 9:30 AM ET - The market has been soft and the old adage "sell in May and go away" has worked. Trade negotiations with China soured and new sanctions against Chinese telecommunications company Huawei have escalated trade tensions. A deal was priced into the market and it looks less likely. I mentioned in my comments last week that I don't believe a trade deal with China will happen before the 2020 elections. I am going out on a limb with this prediction, but that is how I feel. A US trade negotiation team will travel to China at the end …

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