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Thursday, January 25, 2018

Watch For Early Reversals After A Gap Up - Buy Dips On Support


One Option Trading Blog http://ift.tt/2GfKivb Posted 9:45 AM ET - The market is in a pattern characterized by overnight gaps higher. We've seen choppy intraday action the last two days and that suggests that the momentum is slowing. Earnings season is cranking up and the results have been fantastic so far. Guidance is off the charts. This is the beginning of a very bullish year. Corporate tax cuts are fueling this move and companies are expanding operations. Intel will post results after the close today and it will set the tone for tech stocks. Economic data has been strong domestically and internationally. Flash PMI's were released …

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