A slow week to say the least. Today’s Jobless Claims # added a little volatility to the markets, but overall we continue with the sideways action. We bounced off trend line support today and this candle will be used for the bullish/bearish line in the sand, bullish above, bearish below.
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Friday provided nice bounce of trend lines and moving averages. We actually used the market behavior to open new long option spreads on some index etf's. I always enjoy your comments. Thanks! Trevor @ http://www.BookingAlpha.com