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Monday, July 20, 2015

Market Will Float To A New High This Week - Don’t Expect An Explosion


One Option Trading Blog http://ift.tt/1VkTtN6 Posted 9:30 AM ET - Last week the market rallied from the 200-day moving average and now it is within striking distance of the all-time high. As I mentioned in my comments, the best trade this year has been buying dips. Unfortunately, we haven't had many. Stocks rallied 5 days in a row and for the first time in months I was able to hold onto overnight call positions. That was a good week and now I am reverting back to a hit and run approach. Greek banks opened this morning and that is bullish for European markets. Chinese stocks are …

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