Options / Finance

Earnings Season Will Attract Buyers - New Market High This Week

From One Option Trading Blog
January 9, 2017 - 9:36am
Posted 9:20 AM ET - The price action last week was bullish. The market finished the year on a soft note and support at SPY $225 was breached. Stocks rebounded last week and we closed above that support level. Hawkish FOMC minutes did not discourage buyers and the market closed within striking distance of the all-time high. Earnings season will kick off this week and that typically attracts buyers. Tech stocks are starting to catch a bid. January is typically a bullish month and as the first week goes, so goes the year. Stocks recovered nicely last week and I am …

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