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Daily Option Trading Commentary

Stiff Market Headwind With Possible Profit Taking In January

December 12
Posted 9:30 AM ET - The market continues to float higher on year-end strength. The Alabama elections tonight will be critical for Republicans. They finally have some momentum and the Senate margin is razor thin. Polls suggest a tight race. The budget needs to be approved on December 22nd to avoid a government shutdown. Politicians want to spend time with their families during the holiday and it will be extended into January. Before that happens Democrats will make it known that a massive battle lies ahead. The market still has a little upside (SPY $270), but the gains will be…
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