Posted 9:30 AM ET - PRE-OPEN Market COMMENTS WEDNESDAY – Yesterday the market posted solid gains and it rallied above the 50-day MA. The buying started right from the open and it was not a news related rally. That means that everyone had a chance to buy on the open and it legitimizes the move since it was not news driven. Earnings season typically attracts buyers. I will not be a “believer” until I see back to back gains and a close above the 200-day MA. After the close yesterday NFLX lost 200K subscribers when a gain of 2.5 million subscribers …
This post first appeared on Option Trading | Options Trading Strategies | Lear, please read the originial post: here