No Major News On the Horizon. Tight Trading Range Will Last At Least A Week
If you took my advice yesterday, you scored twice. You took your sweetheart out to lunch and the market staged a strong rally into the bell. This tight trading range is for the birds. The news calendar is very light and we can expect lackluster price action for at least a week. Flash PMI's from Europe and Asia will be released next week and that could spark a little movement. Industrial production was slightly below expectations. Empire Manufacturing was better than expected and the two releases negated each other. The FOMC minutes will be released this afternoon and they should be …
February 15, 2012
• Posted in: Options
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