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Wednesday, July 24, 2019

Short the SPY Below This Level. Downside Risk Greater Than Upside Reward


One Option Trading Blog https://ift.tt/2YcP0S5 Posted 9:30 AM ET - This week we will get a broad sampling of earnings. So far the results have been good, but not good enough to fuel the market to a new high. The overnight reactions were positive. Face-to-face trade negotiations with China will resume Monday and stocks rallied on the news yesterday. Global economic conditions continue to soften, but investors are not concerned. Texas Instruments posted a strong number yesterday and the stock will fuel semi-conductors today. Mega cap tech stocks are down slightly overnight as the Department of Justice launches antitrust investigations. Facebook reports after the close today …

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