Market Summary Tuesday, November 24th

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Tuesday 24 November 2009 at 5:29 pm

Ordinarily, following a big upday only giving back 1 point on the S&P would be exactly what you want, especially when the close held above 1100.  The S&P futures however closed with a perfect doji (open and close within $.25 of each other, which signals indecision in the market and quite often a change of direction or breakout) which is one of the reasons no new trades were added today as talked about last night.


 

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