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Daily Option Trading Commentary

Ride the Rally and Keep Raising Your Stop

April 18
Posted 9:30 AM ET - The market has been gradually floating higher and it is within striking distance of the all-time high. China's economic data was good and it seems that growth has stabilized. Flash PMI's this morning were soft in Europe and Japan. Traders are focused on earnings and they have been good so far. China's industrial production, retail sales and GDP all came in better than expected yesterday. China is the growth engine of the world and the market will not move higher if its economy stumbles. Flash PMI's from Europe came in at 51.3 (versus 51.8 expected)…

 

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