Friday, December 4, 2015

Jobs Number Was Good - Buy Calls Above the 200-Day MA


One Option Trading Blog http://ift.tt/1XNAV6x TAKE THE TRIAL AND WATCH US TRADE THIS BOUNCE IN THE CHAT ROOM Posted 9:45 M ET - Yesterday domestic terrorism and a soft ISM services number weighed on the market. Once the selling momentum was established, Asset Managers pulled bids and the 200-day moving average was breached. That is a bigger move than I expected and the 100-day moving average could be in play. The Unemployment Report showed that 211,000 jobs were created in November. That was a fairly strong number and 35,000 jobs were added to September and October. This guarantees …

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