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Thursday, March 9, 2017

Market Will Run When Oil Finds A Floor - Investors Ready For Rate Hike


One Option Trading Blog http://ift.tt/2n9TyY6 Posted 9:00 AM ET - The market wants to head higher and the price action yesterday was very revealing. ADP reported that 298,000 new jobs were created in the private sector during the month of February. This was a "hot" number and it all but guarantees a rate hike next week. If investors were worried about tightening the market would have tanked. Stocks opened higher after the report and they tried to grind higher. The tech sector was particularly strong. During the course of the day oil inventories were released and the build was bigger than expected. Energy stocks were crushed …

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