Options Trading Webinar: Trading Veteran Rob Moreno Analyzes the Markets
I was thrilled to welcome back Rob Moreno for another options trading webinar, as he is a font of trading knowledge. Rob has successfully managed his own account for more than 25 years, and he’s a former member of both the New York Cotton Exchange and the New York Board of Trade. He put his deep background to work for us and analyzed the markets.
Early in the webinar we discussed the current market environment; it has become quite overbought, so we are probably due for a pullback. Some of that happened on Thursday, and coming into the weekend there could be more fireworks with earnings releases. Given the backdrop of low interest rates and weak economic growth, the markets are at a crossroads.
This Week’s Market Action
We can sum it up in three words: lots of surprises. Earnings have been beating expectations, save for a few exceptions (Netflix and IBM). The markets rallied on news that oil production would not be cut, taking everyone by surprise. The result? A lot of action to the upside.
Breadth has been solid and put/call ratios keep pushing lower (a positive sign). As long as VIX stays under 16 the market can move higher – but that’s no guarantee.
Options Trading Webinar with Bob Lang and Rob Moreno
Watch the webinar and gain deep insights as Rob Moreno analyzes the markets.
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week Explosive Options hosts a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
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