Market Will Rally - Small Pop In Oil Worth 50 S&P Points - This Is the Earnings Sweet Spot

One Option Trading Blog http://ift.tt/1KcXpNj Posted 9:40 AM ET - Yesterday the market shouldered weak guidance from tech giant Apple. The energy sector pushed stocks higher early in the day and oil has stabilized. The S&P 500 rallied 10 points this morning on rumors that Saudi Arabia is considering production cuts. The FOMC statement was as dovish as it could be. The Fed is concerned with economic growth and that pushes any possible rate hike back to June (at earliest). This will diminish the importance of next week's jobs report. We still want to see a print above 200K. I didn't understand the negative reaction to …