Afternoon Tea

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Friday 30 April 2010 at 11:00 am

The market continues to consolidate under 1220, taking another peak at it in yesteday's trade.  The market is soft today and there appear to be too many unknown geo-political issues hanging out there for traders to feel confident going long into the weekend.  The close will be very interesting to see if we get a big down move in the last 30 minutes.  On a side note...we have been watching the Libor rate for years which was the first to signal the big move lower and financial crisis of 2008.  It has recently been inching up again which bears close monitoring.  Look f

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