Expect Choppy Trading Ahead of the Unemployment Report - Watch SPY 105!
Yesterday, the market staged an impressive one-day rally. Most traders have been looking for a top and last week's key reversal after the FOMC meeting had many thinking that the long-awaited decline might start – wrong again. The market has been able to climb a "wall of worry" during the last few months and every little dip finds immediate support. Asset Managers are under allocated and many have missed this move. They do not want to be left behind during a year-end rally and they are aggressively bidding for stocks. The end of the third quarter is upon us and "window …
September 29, 2009
• Posted in: Options
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