One Option Trading Blog http://ift.tt/21Wre9k Posted 9:30 AM ET - Yesterday the market gapped higher and most of the action ended after the first hour of trading. Stocks gradually drifted higher on light volume. The SPY blew through resistance at $207 and that is now support. The news is light this week and earnings season is winding down. China will post GDP/industrial production/retail sales over the weekend. Their numbers have improved slightly and the news should be market neutral. Last Friday's soft jobs report has sparked a relief rally and the Fed is likely to push back their rate hike timetable. We won't know if labor …
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