Hot Option Plays: Transports Towing The Market Higher Midday
Cusick’s Corner 02-27-2013 Midday The buyers into the Midday are just slicing through what looked to be decent resistance levels setting up, 1500 and 1508 on the S&Ps. This has been impressive, seeing that the Transports started to consolidate after leading this morning and Midday, IYT +2.58%, and we could see this type of action [...]
Cusick’s Corner 02-27-2013 Midday
The buyers into the Midday are just slicing through what looked to be decent resistance levels setting up, 1500 and 1508 on the S&Ps. This has been impressive, seeing that the Transports started to consolidate after leading this morning and Midday, IYT +2.58%, and we could see this type of action start to set in as we go into the After Hours. I will keep an eye on 1515 as next level the market might challenge to the upside while 1508 is now short-term … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards