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Tuesday, May 31, 2016

Market Will Nurse A Holiday Hangover Today - Path Of Least Resistance Is Up


One Option Trading Blog http://ift.tt/1RIUcSB Posted 9:40 AM ET - The market is going to nurse a holiday hangover today. Many traders will take extra time off and the volume will be light. ADP will give us a peek at job growth tomorrow and the volume should pick up. Credit concerns remain low and that bodes well for equities. Interest rates are at historic lows and stocks are the best place to park money. We know that this can change quickly so I'm not reading too much into this rally. Job growth around 200K would be perfect. It would suggest sluggish growth and it would not …

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