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Monday, November 21, 2016

New Market High Likely This Week - Stocks Will Float Higher On Light Volume


One Option Trading Blog http://ift.tt/2gBYJAF Posted 9:30 AM ET - The market is one small rally away from a new all-time high. Seasonal strength and a holiday shortened week will help us breakout. Stocks are likely to inch higher this week and there is no news to stand in the way. Stocks are pushing higher this morning before the open. Once we crack through the all-time high we should see follow-through. I'm not looking for an explosive move, just a gradual tick higher. Shorts are not going to stand in front of this move and the volume will be very light. Even a small bid can …

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