The Action Will Pick Up Tomorrow. Wait For A Breakout Or A Breakdown!
Yesterday, the market continued to grind higher. The gains were marginal and the volume was very light. We have fallen into a very tight trading range the last 10 days and the market is searching for the next catalyst. There are many economic releases this week, none greater than the Unemployment Report on Friday. The expectations are high and analysts expect to see 200,000 new jobs. The market does not want to see all of the jobs come from government spending (census and stimulus). If that is the case, the reaction will be negative. However, if the private sector starts to …
March 30, 2010
• Posted in: Options
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