Hot Option Plays: Sitting On Resistance
By:
DailyMarkets.com
Posted on October 24, 2011 at 14:34 PM EDT
Cusick’s Corner Resistance — the major averages are sitting at major resistance, and while the recent action is relatively positive, we must recognize that this is a market in a Bear trend. Unless we get a move through these levels, 1230 on the S&Ps, there is no real news or data that looks to be [...]
Cusick’s Corner
Resistance — the major averages are sitting at major resistance, and while the recent action is relatively positive, we must recognize that this is a market in a Bear trend. Unless we get a move through these levels, 1230 on the S&Ps, there is no real news or data that looks to be out there that would (or for that matter has already been released)point potentially higher. I am taking today’s trade in a very measured way, especially with expiration in the afternoon. See you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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