One Option Trading Blog http://ift.tt/1H1fHcG Posted 10:50 AM ET - Friday, the market rallied 25 S&P points on a mediocre jobs number. I told you the move had a short covering feel to it and that resistance was likely to hold. The S&P 500 lost eight points yesterday and is down 14 points this morning. Most of Friday’s gains have been erased and the price action remains choppy. China announced a quarter-point rate cut over the weekend and that news failed to spark buying. This is unusual since money printing as typically attracted buyers. Investors might be worried that the PBOC sees weakness ahead. Earnings season …
No comments:
Post a Comment