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Daily Option Trading Commentary

Market Will Hit A Speed Bump - Flash PMIs In Europe Will Be Weak - Take Profits On Calls

October 22
Posted 9:45 AM ET - My system caught the decline and the bounce. I recorded this video yesterday and it includes SPY, DIA, IWM, QQQ, GLD and TLT CLICK HERE TO VIEW IT Yesterday, the market surged higher and the S&P 500 blew right through the 200-day moving average. We did not probe for support and stocks immediately marched higher. The overnight news was light and the S&P 500 is holding Tuesday's gains. I have been day trading S&P Eminis and I've been able to catch most of the move without taking overnight risk.…
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