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Wednesday, March 1, 2017

Huge Trump Rally - Be VERY Careful Today - This Could Be A Market Top


One Option Trading Blog http://ift.tt/2lWD2KC Posted 9:20 AM ET - In my comments yesterday I mentioned that stocks would retreat ahead of Trump's speech before Congress. We saw weakness throughout the day and the market closed on its low. I also mentioned that investors would take a deep breath and the market would grind higher this morning. The S&P 500 is up 16 points and the speech was well received. The macro backdrop is still bullish for stocks. We should see a nice rally today, but be careful. A big gap higher like this will attract bullish speculators. Once the early excitement wanes we could see …

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