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Tuesday, November 21, 2017

Market Breakout Fueled By Seasonal Strength - Look For Grind Higher


One Option Trading Blog http://ift.tt/2A0A4vP Posted 9:30 AM ET - Yesterday the market regained its footing and this morning it is challenging the all-time high. We are in holiday mode and the trading volume will be light. Retailers are reporting decent numbers and that will help heading into Black Friday. I will add to call positions if the SPY can close above $259. Seasonal strength will fuel the rally and hopes of a tax cut before year-end will keep buyers engaged. Even if the tax cuts don't happen this year, they will happen soon. The debt ceiling negotiations could provide a speed bump, but as usual …

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