New Trade – I Like This Options Strategy

The market has confirmed support and we can start using this strategy for longer term swing trades.

PRE-OPEN MARKET COMMENTS MONDAY – The reaction to the FOMC statement and earnings from the tech giants has been excellent. The rally the last few days has come on volume and that legitimizes support at the low of the year. The breakout above the downward sloping trend line has been confirmed and we have follow through. Friday the SPY closed above the 100-day MA and that is also a nice show of strength.

Daily Bulletin Continues...