Options / Finance

Market Headwind During Bullish Period Could Be A Warning

From One Option Trading Blog
April 20, 2017 - 10:29am
Posted 9:30 AM ET - The market is fighting a stiff headwind. Typically stocks rally as earning season begins. Yesterday stocks rallied on the open and they drifted lower the rest of the day. The price action was bearish and I don't trust the early rally this morning. Earnings season is in full bloom and in general the overnight releases were bullish. “The Street” loves profits, but the political backdrop has prompted profit-taking. Trump is rattling the sabers with North Korea, Russia and Iran. He seems to be gaining support globally. China has sent troops to North Korea and European nations …

Continue reading this article »