Stock Market Winning Streak Continues
The market continued its rally, jumping over 200 points on the Dow today. For now, it seems that the short term correction might be over. It’s now time to see if we can get back to the highs on the year, and if so, push past them.
The trading days today and yesterday were fairly quiet, with minimal volume, and no big economic indicators reporting. Us skeptics will continue to point to such “cracks” in the rally, but the bottom line is stocks were up big today.
I have a couple of positions that might be impacted with options expiring on Friday; other than that, I’m not too anxious to do anything at this point. Look for more information on my options activity here over the coming days and weeks.