Asset Managers Will Try To “Goose” the Market On the Last Day of the Year

One Option Trading Blog http://bit.ly/2Vk8bce Posted 9:30 AM ET - Last week the market established support near the 200-week moving average. The S&P 500 bounced off of that level and Asset Managers are "window dressing". Even a small bid can spark short covering from this deeply oversold level. I believe the market will try to move higher on the last trading day of the year. Friday stocks seem poised to run. We had seen massive rallies in the last hour of trading Wednesday and Thursday. After a surge higher stocks retreated sharply in the last hour of trading on Friday. This was not the strength I …