Do or Die

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Friday 12 March 2010 at 9:13 am

The market is digesting a better than expected retail sales report as well as a disappointing consumer sentiment number.  As we all know, or should know, consumer sentiment is not going to improve until we start adding jobs.  The S&P is at an extremely important juncture regarding the near term move.  As mentioned in a previous blog, 1150 on the S&P represents a double-top from the January highs.  The bears have been saying recently that this is simply a test of the highs and we will fall following this double-top.  Maybe.  However, if the market can br

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