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Thursday, December 8, 2016

Sustained Market Rally Ahead… the Tighter the Range… the Bigger the Breakout


One Option Trading Blog http://ift.tt/2gZDvLW Posted 9:30 AM ET - Yesterday the market opened just below the all-time high. Stocks inched higher the entire morning and the momentum exploded once we were convincingly through resistance. Look for follow-through buying today. The longer and tighter the range… the bigger the breakout. This could be a sustained move into year-end. The benefits of Trump’s proposed economic policies are over-powering a likely quarter-point rate hike next week. Carrier, Softbank and US Steel have all made positive employment remarks and business investment is improving. Corporate taxes will decrease and $3 trillion could be repatriated. Government regulations will be retracted. China's …

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