One Option Trading Blog http://ift.tt/2kovgwg Posted 9:30 AM ET - The market is floating higher on low volume. Daily trading ranges are compressed while we wait for a catalyst. Earnings season begins next week and that should attract buyers. ADP was a little light yesterday (135,000) but initial jobless claims have been declining the last few weeks. That bodes well for tomorrow's jobs report and we should see a number above 150K. The last release came after a holiday and I am expecting an upward revision for August. Regardless, I don't believe a soft number will spoil this rally. China's PMI was strong and domestic releases …
No comments:
Post a Comment