Options / Finance

Hawkish Fed Minutes Will Limit Rally Today - Rest Of the Week Looks Bullish

From One Option Trading Blog
January 4, 2017 - 9:35am
Posted 9:00 AM ET - One of my goals this year is to get my comments posted to the blog well before the opening bell. Last week the market gradually drifted lower and it breached minor horizontal support at SPY $225. Trading volumes were extremely light and year-end "window dressing" played a role. Stocks opened with a bang yesterday and they were able to hold gains throughout the day. The SPY finished above $225 and we can lean on that level. Buyers will start to nibble now that support has been established. The S&P 500 is up five points before the …

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