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- Support Holds At SPY 138 - Keep Option Trades Small
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As expected, the market has been very quiet during this holiday shortened week. Yesterday, durable goods came in slightly better than expected, but that did little to excite the market. This morning, the GDP was revised upward to .9% from .6% and the closely watched PCE deflator declined from 2.2% to 2.1%. While the PCE deflator is the Fed’s preferred inflation gauge, it does not include food and energy. This economic news gave the market a lift on the open. Initial jobless claims came in at 372,000 and the number was in line with expectations. The continuing claims stayed above 3 …
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Fuente Original
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29 May, 2008| Technical Analisis |
@ 13:14