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Thursday, December 1, 2016

Find Non-Energy Stocks That Are Breaking Out - Less Risky For Day Trading


One Option Trading Blog http://ift.tt/2fJ8Kv3 Posted 9:30 AM ET - I will not be publishing market comments Friday. This same game plan will work and I am not expecting a big reaction. Yesterday the market shot higher on a better-than-expected ADP report. A good jobs number above 200,000 is expected tomorrow. Oil jumped after OPEC agreed to cut production and the rally was on. An hour after the open we learned that oil inventories had a bigger than expected drawdown. Global economic conditions are improving so there is a fundamental side to the rally in energy as well. Unfortunately, the market dropped after the initial move. …

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