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Wednesday, January 18, 2017

Market Will Challenge All-time High On Optimistic Earnings Guidance


One Option Trading Blog http://ift.tt/2iQuV2t Posted 9:00 AM ET - Yesterday the market had some nervous jitters to deal with after a three-day weekend. The S&P 500 is stuck in a tight trading range and I'm not going to read too much into the price action. The volume was fairly light and I consider this to be "noise". The key level to watch is support at SPY $225. As long as we close above it, focus on the long side. Financial stocks have been posting good results, but the reaction has been negative. After a strong two-month rally they are showing signs of strain and they …

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