One Option Trading Blog http://ift.tt/1P0rtKY Posted 9:40 AM ET - Last week the SPY rallied through $191.50. I mentioned Friday that we needed to see a move through this level if we were going to rally to $200. The price action was strong; we blew right through it and closed on the high of the day. China posted its official PMI and although the press is negative, the numbers were not too bad. Manufacturing was just below 50 and services came in above 53. Without question, growth is slowing, but the PBOC has been injecting liquidity like mad. We have not heard of any defaults in …
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