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Monday, November 6, 2017

SPY $260 Or Bust - Market Needs To Rally Above This Level Now 


One Option Trading Blog http://ift.tt/2lXq1nS Posted 9:30 AM ET - Last Friday the market poked through the all-time high. Economic numbers were good, earnings were solid, the FOMC statement was balanced and Republicans released their tax cut plan. This is the most bullish seasonal period of the year and if we do not see follow-through buying I'm going to reduce my call positions. The Unemployment Report showed that 261,000 new jobs were added in October. This was a little "light", but traders will give the number of free pass since hurricane repairs are just starting. ISM services and ISM manufacturing were very strong. Earnings season is …

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