Market Summary Monday, November 23rd

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Monday 23 November 2009 at 6:14 pm

The market opened big to the upside following big overnight move lower for the dollar.  There was some good economic news as well, with existing home sales posting a little better than a 10% gain.  There is some confusion however regarding how many of those sales were from investors taking advantage of buying foreclosures and then putting those homes back on the market.  Those actually count as "existing" home sales.  There is word out of Las Vegas however, that they have more buyers than inventory.  It's those type of stories that will eventually cause the hou

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