Preparing for Monday’s Trade

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Sunday 6 December 2009 at 11:53 pm

The big news on Friday was the much lower than expected job losses which immediately spiked the futures prior to the open.  The market opened higher and then around 10am dropped in a hurry.  It was like all of a sudden someone realized, "wait a minute, if the economy is actually improving the Fed will have to start raising rates sooner."  The dollar took off to the upside logging in the biggest one day gain in quite a while.  We know the drill, stronger dollar weaker market.  The market still managed to close to the plus side, but just barely and well off the earlie

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