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Daily Option Trading Commentary

Look For An Easy Little Tax Cut - Market Will Get A Sugar High

March 29
Posted 9:00 AM ET - Yesterday we saw follow-through buying after the reversal on Monday. The S&P 500 was up more than 20 points at one time and it has rallied 40 points since the low Monday. The SPY is above resistance at $235 and that will become a support level we can lean on. As you know from my comments, I felt the failed attempt at repeal and replace was a blessing (for the market). Healthcare is complex and a solution it will require buy-in from both parties. Trump likes to win and now he can focus on lower…
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