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Daily Option Trading Commentary

New All-time Market High - Wait Before You Buy - Watch For This

December 1
Posted 9:30 AM ET - The S&P 500 is poised to open at a new all-time high this morning. Three weeks ago we had a 150 point surge on exciting vaccine news and it has taken that long for us to retrace to that high. There are many cross-currents and we can expect profit-taking when the market gets ahead of itself. We can also expect buying when the market dips. Investors are ignoring the current spike in Coronavirus cases and they are focused on better times in Q1 when the vaccines will be broadly distributed. My market bias is neutral…

 

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