Time To Get Short

August 2, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The waiting is over and now we know that sellers have the upper hand.

PRE-OPEN MARKET COMMENTS FRIDAY - This has been a news filled week with lots of moving parts. Mega cap tech reported earnings, the FOMC statement was released and we had major economic releases. Buyers and sellers have been battling it out and the intraday moves have been fantastic. We needed to wait until one side or the other prevailed.

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