Thursday, March 2, 2017

March Madness - Market Surges Higher On Trump Speech - Take Profits


One Option Trading Blog http://ift.tt/2lXHsT8 Posted 9:00 AM ET - Any doubt on whether the market has broken out of its range was put to rest yesterday. Stocks shot higher yesterday on Trump's well-received speech before Congress. The market opened higher, paused briefly and then staged the next leg of its rally. We needed to be careful early on because a reversal would have been bearish. As it turns out, buyers are lined up and the market has room to run. I was looking for bullish price action the rest of the week, but after move like that we might pause for a bit. The market …

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