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Daily Option Trading Commentary

This Market Pattern Is Here To Stay - Here’s How To Trade It

February 25
Posted 9:30 AM ET - Tuesday the market probed for support and it found it just above the 50-day moving average. Aggressive buying fueled a nice reversal two days ago and we saw follow through yesterday. Traders are completely focused on bond yields and the $1.9 trillion stimulus bill that will be voted on by the House tomorrow. The upward sloping channel is still intact and we are seeing decent volatility inside of that range. The big drop in US 10-year Treasuries (TLT) yesterday looked like a capitulation low. Bonds bounced and they closed near their high of the day.…

 

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