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Daily Option Trading Commentary

Market Thru Resistance - Get Short If This Happens

January 18
Posted 9:30 AM ET - Yesterday the market instantly erased early losses and it rallied most of the day. We are seeing a bullish pattern of lower opens and higher closes. Late yesterday we learned that the White House wants to strike a deal with China and it might consider removing tariffs. Stocks rallied on the news and the S&P 500 tested the 50-day moving average. This morning it will open above it. From my perspective, there is no news that we didn't already know. If China agrees to many terms (including intellectual property violations and imposing tariffs on US…


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