Market Will Test the All-time High

November 25, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

We've been expecting this!

PRE-OPEN MARKET COMMENTS MONDAY - The gap up this morning is what we've been expecting. We are long a starter swing from two months ago and we added once a few weeks ago. Last week we added to swings again. Hopefully you sold some bullish put spreads as I suggested. We've had a couple of brief, shallow dips along the way and those are normal pullbacks in a bullish trend. The nature of those dips confirms the strength of the trend. We have a solid economy, earnings are strong, the Fed can ease if they want to and this is a period of seasonal strength. The news is light and we are heading into a holiday. That favors the current trend.

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