#TradeIdeas 10/13/2016 – China Drops The Ball Big Time
Besides "Banging the Table" over the last 5 weeks that the markets are going lower and why SPY PUTS should be the top focus, China solidified the rationale. Trade Balance, Imports & Exports were all so abysmal that S&P Futures nearly breached the September 9 lows, 2111.75. With the FOMC minutes released yesterday predicting a U.S. Recession if interest rate hikes don't begin sooner rather than later, the uncertainty of the upcoming election, and the China data release, looking for [...]
