12:30pm (EST)
The bulls got off to a good start and stretched short-term resistance but the bears lassoed them in and were back in control an hour into the session. Much of today’s indecisiveness can be blamed on tomorrow’s barrage of economic news with the highlight of the day being the FOMC Minutes which will be released at 2pm.
The Dow is up 13 points to 12,749 while the S&P is down 2 points to 1,350. The Nasdaq is lower by 11 points and is at 2,920.
We have to cut it short today because we have a NEW TRADE we are releasing right now. Our put option trade from yesterday is already up 50% so we are getting aggressive again as we build our next batch of trades into August and September.
Subscribers, check the Members Area for our latest recommendation and be sure to use limit prices to get the best fills.