2017 Is Going To Be A Great Year For Trading – Here’s Why

December 30, 2016
Author: Peter Stolcers, Founder of OneOption

Posted 9:30 AM ET - HAPPY NEW YEAR! This was a boring year. The market was stuck in a range for most of it and the summer doldrums felt like they would never end. That is all changing. The S&P 500 is at a new all-time high, Trump is unpredictable and interest rates are on the rise. Uncertainty means volatility and that means great trading in 2017. Look for a quiet end to the year. I mentioned precious metals in my comments yesterday and boy did they run. We caught lots of nice trades in this group in the chat room. Gold should take a breather today. The SPY is below $225. If it can grind above that, favor the long side and use that as your stop for longs. I suggest keeping your powder dry today. Bid/ask spreads are wide and the volume is light. Traders will be back next week and a slew of econ data will provide lots of action. May you be healthy and prosperous in 2017! . . image

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