Monday, April 4, 2016

Light News Favors Current Momentum - Gradual Grind Higher Likely This Week


One Option Trading Blog http://ift.tt/1Vq4PQ2 Posted 9:30 - Last week the market rallied on dovish comments from Janet Yellen and a “Goldilocks” jobs report. The news is fairly light this week and that favors the current momentum. Buyers will stay engaged ahead of earnings season and we should grind higher this week. Last Friday we learned that 215,000 new jobs were created in March. That was good enough to suggest growth and not hot enough to prompt a rate hike in June. Stocks tested the downside early on Friday and they instantly rebounded. As I mentioned in my comments, the news was market friendly and I …

No comments:

Post a Comment