We’ve Been Expecting This Market Dip

February 13, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The information we gather during the next week is going to tell us how aggressive buyers are and now much higher the market might go.

PRE-OPEN MARKET COMMENTS FAT TUESDAY – Before the FOMC statement we exited our swing positions. We had monetary policy, earnings releases and the jobs report to navigate and it was prudent to take gains ahead of material news after a big market run-up. Since then we have been able to catch the remaining move up with short-term day trades. We have not had overnight risk exposure and we are waiting for a compression or a dip.

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