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Daily Option Trading Commentary

Market Wants To Rally - Smooth Sailing Until You See This Pattern

February 21
Posted 9:00 AM ET - Last week the market inched its way to a new all-time high. We saw follow through buying after the retest of the breakout and the price action this morning points higher. I believe we will have a bullish week. I mentioned a few days ago that I am not worried about down opens. Those are natural in a bull market. Typically the market will rally into the close and finish on the high of the day. The market will get a little over-extended and some of the fluff will come out the next morning (profit…
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